Cardano’s ADA Rises 3% as Nasdaq Index Addition Boosts Visibility

Cardano’s ADA token gained 3% over the past 24 hours, lifted by news that Nasdaq has expanded its crypto benchmark index to include four new digital assets — ADA, XRP, Solana (SOL), and Stellar (XLM) — broadening exposure for traditional investors.

The update brings the index from five to nine constituents, and analysts say the move could significantly raise ADA’s profile in institutional portfolios.

ADA has seen heightened price volatility, trading within an 8.8% intraday range between $0.66 and $0.72, according to CoinDesk Research’s technical analysis. It was recently quoted around $0.6951, with traders eyeing the $0.70 level as a key psychological support.

Technical Overview:

• Trading volumes surged 68%, pointing to strong market engagement amid the index news and broader price action.
• A clear uptrend emerged between $0.67 and $0.72, supported by strong buy-side activity near the $0.68 level.
• The subsequent pullback from $0.72 to $0.69 appears to reflect short-term profit-taking, but the $0.70 zone remains critical for holding the bullish structure.

“The $0.70 level now acts as an important psychological support,” CoinDesk analysts noted, suggesting ADA’s short-term trend could hinge on this threshold.

Meanwhile, the CoinDesk 20 Index, tracking the broader digital asset market, advanced 4% over the same 24-hour period, underscoring strong overall sentiment.

With rising volumes and institutional attention, ADA’s inclusion in a high-visibility index may serve as a catalyst for sustained momentum — provided key support holds.