Cardano's ADA token is showing signs of recovery, currently trading at $0.2642 with a daily gain of 3%, and 24-hour trading volume surging 60% to $691.9 million. Analysts point out that the $0.26 support level has been restored, but the token remains in range-bound consolidation. If it breaks through the key resistance level of $0.304, ADA price could potentially rise further to $0.338 and $0.37. Cardano's DeFi ecosystem continues to grow, with its total value locked now exceeding 520.41 million ADA, which will provide further upward momentum for ADA.

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