Cardano’s native token ada
Added 3% in the last 24 hours after Nasdaq said it expanded its crypto -benchmark index from five to nine assets, adding ADA with XRP, Solana and Stellar.
ADA experienced considerable award -volatility overnight and established an 8.8% trading area between $ 0.66 and $ 0.72, according to Coindesk Research’s technical analysis. It traded recently with $ 0.6951.
Trade volumes for ADA have risen 68% over the last 24 hours, suggesting active market participation despite uncertain conditions. Its addition to the Nasdaq index could significantly increase Carrano’s visibility between traditional investors.
Market analysts note that the $ 0.70 level has emerged as a crucial psychological support zone that is likely to determine ADA’s short-term path to its previous Bullish Momentum.
The Coindesk 20 index that tracks the wider crypto market performance has risen about 4% over the last 24 hours.
Technical analysis
- ADA showed significant volatility during the 24-hour period and established an 8.8% trading area between $ 0.66 and $ 0.72 before falling 3.3%.
- Price action formed a clear increase from $ 0.67 to $ 0.72 with strong volume support of $ 0.68 level.
- The recent withdrawal from $ 0.72 to $ 0.69 suggests profits after the rally, where the 0.70 level emerged as a key psychological support zone.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
