- ADA’s price received a major boost over the last 24 hours.
- The altcoin’s price has also outperformed BTC and ETH.
- ADA’s price now has to overcome a weekly resistance level before it can continue its rally.
The crypto market has seen fresh bullish support enter the market over the last 24 hours, according to CoinMarketCap. All of the prices of the top 10 cryptos have risen in the past day. One such crypto is Cardano (ADA), which is leading the charge in the top 10 list in terms of 24-hour gains. At press time, ADA is up 18.79%, taking ADA’s price up to $0.3285.
ADA’s price has also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH). CoinMarketCap shows that ADA has strengthened against BTC by 16.61% and has strengthened against ETH by 14.29%.
The daily trading volume for ADA has surged over the last 24 hours. This may be the catalyst for ADA’s impressive 24-hour gain. Currently, ADA’s daily trading volume stands at $845,578,922, which is a 427.72% increase compared to yesterday.
The double-digit 24-hour gain for ADA has pushed its weekly performance up to 31.29%. This mini rally has also resulted in ADA overtaking Dogecoin (DOGE) at the number 8 spot on the top 10 list.
Currently, ADA’s market cap stands at $11,338,837,637. Meanwhile, DOGE’s market cap stands at $9,957,432,382. If the top 3 stablecoins by market cap, Tether (USDT), Binance USD (BUSD) and USD Coin (USDC) were excluded from the top 10 list, then ADA would be in the top 5 list of the biggest cryptos by market cap.
ADA’s price now has to overcome the 9-week EMA level as well as the weekly resistance level at $0.3255.
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