Decentralized finance (DeFi) asset Cardano (ADA) continues to record increased buying pressure while appearing to decouple from the general crypto market with a price explosion. 

Indeed, by press time, Cardano had a market cap of $11.31 billion, representing an inflow of about $1.56 billion within 24 hours. On the daily chart, ADA’s market cap peaked at $11.74 billion. 

The significant buying pressure has translated to ADA’s value spiking, trading at $0.33 at the time of publishing with 24-hour gains of over 14%. Over the past week, Cardano’s price has also surged by over 28%. 

Notably, having breached the $0.30 resistance level, the position could act as a critical anchor toward ADA moving to reclaim the crucial $0.50. However, the smart contracts asset remains in focus but still faces uncertainty if investors start taking profits.