Cardano (ADA) has registered a notable recovery, climbing over 2% in the past 24 hours following a previous 5.01% decline. This rebound signals potential market resilience despite ongoing challenges in trading activity.
The Relative Strength Index (RSI) strengthened from 40 to 46 during this period, indicating reduced sell pressure and shifting momentum away from oversold territory. Trading volume currently stands at $682.59 million, reflecting a 23.86% decrease that suggests cautious investor participation.
Cardano’s performance notably outpaced the broader cryptocurrency market, which saw only a 0.96% increase in the same timeframe. Technical indicators point toward a possible exit from the recent distress zone, offering cautious optimism for ADA’s near-term trajectory.