Cardano jumps 10% to 5 month high – Can ADA shorts fuel $0.30 move?

Cardano [$ADA] successfully held $0.24 and climbed to a five-month high of $0.27. At press time, Cardano traded around $0.26, up 10% on the daily charts.

The altcoin’s price jump came alongside a 297% increase in Spot Trading Volume, reflecting higher market activity.

Source: CoinGlass