The Cardano price experienced a significant increase of over 8% and reached a new high for the day at $0.837. This surge in price is attributed to both an increase in on-chain activity and positive signals from technical indicators. On-chain data shows that the daily trading volume for ADA has reached the highest level in seven months, reaching $52.26 billion. Additionally, large-scale transactions by whales have also reached a six-month peak. These factors suggest the potential for further gains in the future.



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