Cardano Price Breaks Out of Long-Term Correction Trend with Surge in OI

The cryptocurrency market witnessed a significant influx of capital on Wednesday, with the market cap reaching $2.36 trillion, a 4.3% gain in the last 24 hours.

President Trump's State of the Union address reinforced his administration's pro-crypto stance, contributing to this surge.

The Cardano price jumped over 14.5%, outperforming major cryptocurrencies. The ADA price reclaimed its 20-day exponential moving average (EMA) slope, reinforcing its recovery momentum.