Cardano Pops 3% After Nasdaq Index Boost – But Can ADA Hold the $0.70 Line? – BlockNews
ADA climbed 3% after being added to Nasdaq’s expanded crypto benchmark index, drawing new investor attention. Trading volume surged 68%, showing strong interest amid a volatile 8.8% price swing. The $0.70 level is now a key psychological support zone, likely to steer ADA’s short-term direction. Cardano's ADA token got a nice bump, climbing 3% after
- ADA climbed 3% after being added to Nasdaq’s expanded crypto benchmark index, drawing new investor attention.
- Trading volume surged 68%, showing strong interest amid a volatile 8.8% price swing.
- The $0.70 level is now a key psychological support zone, likely to steer ADA’s short-term direction.
Cardano’s ADA token got a nice bump, climbing 3% after Nasdaq expanded its crypto benchmark index to include it—along with XRP, Solana, and Stellar. The move’s got people buzzing, especially with ADA now positioned in front of a wider traditional investing crowd.
Over the last day, ADA traded in a pretty wild 8.8% range, bouncing between $0.66 and $0.72. As of now, it’s cooled a bit, sitting just under $0.70 at about $0.695. But that dip isn’t deterring traders—far from it. Trading volume shot up 68% in the same window, pointing to a spike in interest (or nerves, depending on your take).
Index Inclusion Brings Fresh Eyes
Getting added to the Nasdaq Crypto Index isn’t just for bragging rights—it puts ADA directly on the radar of a more traditional audience. With investors constantly seeking credible digital assets, this listing could seriously help Cardano break into portfolios that usually lean Bitcoin-heavy.
Analysts are now watching that $0.70 level like hawks. It’s more than just a round number—it’s forming a psychological floor. If ADA holds that, especially after a short-term run-up, it could cement the next leg higher. Lose it, though, and we might see a slide back into the $0.60s.
Technical Breakdown: Trend Still in Play (for Now)
Over the last 24 hours, ADA’s price showed solid upward structure from $0.67 to $0.72. That said, the drop back down to $0.69 looks like standard profit-taking, not a major breakdown. There’s still solid support showing up around $0.68, with decent volume behind it.
The broader market isn’t exactly sitting still either—the CoinDesk 20 Index is up 4%, showing decent sentiment across the board. If momentum continues, ADA could retest the $0.72 level soon. But that $0.70 line? It’s shaping up as the gatekeeper.
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