In recent developments, Cardano (ADA) experienced a significant price increase of 30% over the past week, with an additional 5% rise in the last 24 hours. This has brought its trading volume to an impressive 1.5 billion USD, inching its market cap towards the 40 billion USD mark.

The market signals remain positive for ADA, with the Average Directional Index (ADX) standing at 53.8, showcasing a strong uptrend. Additionally, the formation of two golden crosses indicates a bullish momentum. Whale activity is stable, with 406 addresses possessing between 10 million and 100 million ADA, hinting at continued accumulation.