ADA Price Up Today—Key Reasons for the Surge

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ADA price is up 15% on Feb. 11, responding to Grayscale’s application for a spot Cardano ETF in the United States.

Cardano has recovered strongly, bouncing 25% since its $0.651 low on Feb. 10. The rebound comes after establishing support just above its 200-day simple moving average (SMA), possibly triggering its next leg higher.

At the time of writing, ADA’s price is trading at $0.797, up 15% over the last 24 hours. Its daily trading volume has jumped by over 60% to $1.25 billion, amplifying the buy pressure.


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