Analytical & Institutional-Tone
ADA Advances 3% Following Nasdaq Index Expansion, $0.70 Emerges as Crucial Level
Cardano’s ADA token rose 3% in the past 24 hours, driven by increased institutional exposure after Nasdaq expanded its digital asset index to include ADA, XRP, Solana (SOL), and Stellar (XLM) — bringing the total number of tracked assets to nine.
The development coincided with a sharp uptick in ADA volatility, with the token trading between $0.66 and $0.72 — an 8.8% range — before settling near $0.6951, per CoinDesk Research.
Technical Breakdown:
- Volume rose 68%, underscoring a surge in investor interest.
- A clear upward trend formed, with buyers defending support near $0.68.
- A brief retracement from $0.72 to $0.69 reflects routine profit-taking.
- The $0.70 price point is shaping up as a key technical and psychological support level.
Analysts suggest holding this level could determine whether ADA maintains its current bullish bias, particularly as market-wide optimism lifts broader benchmarks. The CoinDesk 20 Index rose 4% over the same period.
