Cardano (ADA) has surged over 18% and is currently trading at $0.7462 with a market cap of $26.30 billion.
ADA's daily trading volume has increased by over 115%, reaching $2.16 billion, and there has been a $6.33 million Cardano liquidation in the last 24 hours.
Technical indicators like MACD and CMF suggest a bullish momentum for ADA, although the asset is in an extremely overbought condition with an RSI of 91.56.
The four-hour price chart indicates a bullish outlook with potential resistance at $0.7468 and a support level around $0.7454, with possibilities of further gains or a downward correction.