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Cardano (ADA) Achieves Its Highest Price Point Since June, Is $0.4 Next?

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Cardano (ADA) has surged in price, reaching a multi-month high of $0.3709, a 7.2% increase. This milestone represents a significant achievement for Cardano, as it hasn't reached this level since early June. Despite a drop to $0.261 in the interim, the price bounced back to $0.3575 in July before experiencing a major dip to $0.2469 in late October. The recent rally is driven by both retail and whale investors, evident in the increased trading volume of $380,929,520, up by 24.75% overnight. This indicates a healthy market with support from Cardano's ecosystem participants. There is potential for Cardano (ADA) to retest the $0.4 level, its highest point since April.