The Cardano price (ADA) has recently displayed renewed strength, surging nearly 10% in the past 24 hours. This impressive jump was fueled by a wave of liquidations, with $2.98 million in short positions being wiped out, from a total 24-h liquidation of $3.40 million, causing the ADA price to spike significantly.
Currently trading around $0.628, this ongoing momentum has pumped great courage among traders and analysts alike, easing their fear. Now many began to believe that Cardano crypto could continue to gain traction and even climb the ranks in…