Cardano ADA/USD is trading at $0.6610, a 1% gain over the last week. The rise and a volume surge follow a significant development that could increase Cardano’s exposure to traditional finance.
According to The Tradable, Nasdaq has officially reconstituted its Nasdaq Crypto US Settlement Price Index NCIUSS, the benchmark for the Hashdex Nasdaq Crypto Index US ETF NCIQ. Cardano was included in the index alongside Solana SOL/USD, Stellar XLM/USD, and Ripple XRP/USD. They join Bitcoin BTC/USD and Ethereum ETH/USD.
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The inclusion could bring Cardano closer to Wall Street and institutional investors. An approval from the SEC for the associated Hashdex ETF to hold the newly added assets could also lead to an influx of institutional capital into Cardano. According to CoinMarketCap, community sentiment for Cardano is currently 89% bullish.
The 10th-largest cryptocurrency by market capitalization, Cardano is valued at $23.73 billion. It experienced a 43% surge in its 24-hour trading volume to $517.5 million, indicating a recent spike in market activity.
Meanwhile, Cardano stakeholder @ItsDave_ADA, holding 25.24 million ADA in voting power, reported the 2025 Cardano Blockchain Ecosystem Budget proposal was met with a “NO” vote.
According to Blockchain News, the 7.5 million Cardano proposal for community builders was rejected due to concerns over the budget structure, not specific initiatives. Exchange data recorded an 8.3% spike in Cardano’s trading volume within four hours of the announcement, with approximately 320 million ADA traded.
The surge in activity suggests heightened trader interest from speculative buying or panic selling.
Cardano is struggling around the $0.65 level, and a bearish Chaikin Money Flow indicator signals active outflows and growing skepticism among some holders.
According to BeInCrypto, Cardano faces a critical short-term technical test at the $0.66 resistance level. A decisive break above this level would be required for the token to target $0.70, and potentially $0.74, which would reverse the current bearish outlook.
"Cardano is now pressing against the $0.72 resistance, a key level that coincides with the descending trendline acting as dynamic supply. A clean daily close above this level, with volume confirmation, would mark a break of market structure and open the path toward $1.05–$1.25," according to crypto analyst TEKT0NIC.
A failure to break the resistance could result in a drop toward the $0.60 support level. Traders are closely monitoring the support area. Volume, momentum indicators, and daily closing prices are other important data points to watch over the next few days.
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