Cardano (ADA) Skyrockets After HUGE Nasdaq Announcement!

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<a href="https://usdaed.com/ada-usd/">Cardano</a>‘s <a href="https://usdaed.com/ada-usd/">ADA</a> Gains 3%, Buoyed by Inclusion in Nasdaq’s Crypto Index

What to know:

  • Cardano’s ADA token rose after being added to Nasdaq’s expanded crypto benchmark index.
  • ADA’s trading volumes surged 68%, indicating increased market activity.
  • The $0.70 level is a key psychological support zone for ADA’s price stability.

Cardano’s native token ADA

added 3% in the past 24 hours after Nasdaq said it expanded its crypto benchmark index from five to nine assets, adding ADA alongside XRP , Solana and Stellar .

Overnight, the value of ADA saw considerable fluctuations, reaching a trading span of 8.8%, from $0.66 to $0.72 as reported by CoinDesk Research’s technical assessment. At the moment, it is being exchanged at $0.6951.

Over the last day, trading activity for ADA has gone up by 68%, indicating a high level of investor engagement even in uncertain times. The possibility of ADA being added to the Nasdaq index might greatly boost its exposure to traditional investors.

Market analysts point out that the $0.70 region is an important psychological barrier which could significantly influence ADA’s immediate price trend, given its previous bullish surge.

Over the last day, the CoinDesk 20 Index, a measure that follows the overall crypto market’s performance, has seen an approximately 4% increase.

Technical Analysis

  • ADA exhibited significant volatility over the 24-hour period, establishing a 8.8% trading range between $0.66 and $0.72 before dropping 3.3%.
  • The price action formed a clear uptrend from $0.67 to $0.72 with strong volume support at the $0.68 level.
  • The recent pullback from $0.72 to $0.69 suggests profit-taking after the rally, with the 0.70 level emerging as a key psychological support zone.

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2025-06-10 19:15