According to CoinMeta, the trading volume of Cardano ( ADA ) has surged by 116% in the past 24 hours, breaking through the crucial $0.20 level and marking one of the best performances in several weeks. Although the bullish sentiment for the asset has been rekindled by increased activity, technical analysis indicates that the market still faces significant obstacles before embarking on a long-term bull market. ADA is currently at a significant resistance level of $0.20, where sellers have been active throughout 2025. In the past day, the trading volume of ADA on Binance has exceeded $334 million, and the trading volumes of OKX, Bybit, and Bitget have also increased significantly.