$ADA Shorts Liquidated as Price Hits $1.075
Cardano (ADA) has taken the crypto market by storm, recording a liquidation of a $63.1K short position as its price surged to $1.075.
This marks a staggering 8.17% daily increase, consolidating its recent explosive growth of over 200% this month from $0.35.
The rally reflects heightened investor confidence, bolstered by $ADA expanding ecosystem, improved scalability from recent upgrades, and renewed interest in proof-of-stake networks amid sustainability concerns.
With trading volume exceeding $1.79 billion in the past 24 hours, $ADA market momentum shows no signs of slowing down.
Will Cardano sustain its bull run or face resistance ahead?
All eyes are now on the $1.10 mark as the next critical threshold.