ADA Token Holds Key Support After 4.5% Drop Amid Nasdaq Index Surge and DeFi Expansion

ADAUSDT experienced a 4.53% decline over the past 24 hours, with the price dropping from a 24h open of 0.7001 to 0.6684 on Binance. This price movement is primarily attributed to profit-taking following recent gains linked to ADA's inclusion in the Nasdaq crypto index, which previously drove a 68% surge in trading volume and heightened institutional interest. Additional factors influencing market sentiment include increased accumulation by large holders, the launch of Cardano’s Cardinal protocol enabling Bitcoin DeFi access, and ADA’s listing on the IG Group trading platform. Despite recent volatility and a pullback from the local high, ADA remains among the top 10 cryptocurrencies by market capitalization, with the $0.68–$0.70 range acting as a key support zone amid elevated trading activity and ongoing ecosystem developments.