Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice<\/em><\/p>\n Cardano [ADA] saw massive capital inflows while its trading volumes witnessed a massive jump of over 300% in the last 24 hours. Furthermore, an approximate 33.9% surge in the total value locked over the last day marked a substantial uptick in the network’s DeFi activities.<\/span><\/p>\n Unlike most of its peers, ADA was one of the few coins to bag double-digit 24-hour gains out of the top 50 cryptocurrencies as per CoinMarketCap.<\/span><\/p>\n After overstretching below its EMA ribbons, the recent developments helped ADA crawl back above the 20 EMA barrier. At press time, ADA traded at $ 0.6595, up by 26.45% over the last day.<\/span><\/p>\nADA Daily Chart<\/span><\/strong><\/h4>\n