Cardano (ADA) has experienced an increase in trading volume, reaching $2 billion in 24 hours, indicating renewed interest in the cryptocurrency. After a period of decline, Cardano and Bitcoin have both seen a rebound as traders take advantage of the recent dip in the market. Cardano's recent drop caused it to fall below moving averages, signaling bearish sentiment, but a support level has been established around $0.58. It remains to be seen if the recent bounce is the start of an uptrend or a short relief rally.



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