ADA Drops 6.8% Amid Profit-Taking After Nasdaq Index Inclusion and Cardinal DeFi Launch

Cardano (ADA) is currently trading at $0.6381 on Binance, down 6.82% over the past 24 hours from an open of $0.6848. The recent price decline follows a period of heightened volatility and appears to be influenced by profit-taking after ADA's inclusion in the Nasdaq Crypto US Settlement Price Index and the launch of the Cardinal DeFi protocol, both of which previously drove positive sentiment and price gains. Despite strong network activity, including surpassing 110 million transactions and increased large-holder accumulation since June 1, 2025, short-term technical indicators remain bearish amid declining trading volume and subdued market sentiment. ADA’s price performance continues to be shaped by broader altcoin market trends and recent technical resistance levels, with longer-term prospects tied to ongoing ecosystem developments and potential shifts in investor risk appetite.