Cardano's ADA token shows signs of recovery, with the price rising 2.5% to nearly $0.25, and trading volume surging 30% to $445 million. Approximately $3.77 million in short positions are close to liquidation, which could accelerate the upward momentum. The token has held near the key support level of $0.235, and recent reports indicate that large whales have accumulated about 230 million ADA. If this support level holds, ADA could potentially rise further to $0.30.