News-Style, Momentum Focused
Cardano’s ADA Gains 3% as Nasdaq Listing Fuels Volume Surge and Price Action
Cardano (ADA) jumped 3% in the past day as its inclusion in the Nasdaq Crypto Index spurred a rise in trading activity and investor attention. Nasdaq’s update expanded the benchmark from five to nine assets, adding ADA, XRP, SOL, and XLM to the mix.
ADA traded as high as $0.72 and as low as $0.66, according to CoinDesk’s technical analysis — a wide 8.8% range that signals elevated volatility. It was recently trading around $0.6951.
Market Signals:
- ADA trading volume surged 68%, marking one of the busiest days in recent weeks.
- The price chart shows a V-shaped recovery and an emerging bullish structure.
- Support around $0.70 is being closely watched as a make-or-break zone for short-term momentum.
The broader market is also trending higher, with the CoinDesk 20 Index up 4% in the same timeframe — further supporting ADA’s upward move as the market eyes continued institutional inflows.
Share this content:
