ADA Token Jumps 11% as Cardano Rebounds on Strong On-Chain Activity and Technical Breakout

Cardano (ADAUSDT) experienced an 11.32% price increase in the last 24 hours, with the current price at 0.4356 USDT on Binance. The price surge is attributed to a rebound in market sentiment following the rapid resolution of a temporary network bug and increased on-chain activity, as well as bullish momentum after ADA held key support levels despite prior bearish sentiment and oversold technical indicators. The ADAUSDT market saw elevated trading volumes and open interest activity, with short positions comprising 53.29% and a negative funding rate, while ADA's market capitalization is now approximately $15 billion and 24-hour volume remains strong across major exchanges.