ADA Surges 6.95% After Binance US Relisting and Nasdaq Crypto Index Proposal Boost Market Sentiment

Cardano (ADA) has experienced a notable 6.95% price increase over the past 24 hours, rising from a 24h open of $0.6618 to $0.7078 on Binance. This upward movement is primarily attributed to ADA’s recent relisting on Binance US, which has expanded access for American traders, and the announcement of Nasdaq's proposed rule change to include ADA in its crypto index, both of which have increased market visibility and positive sentiment. Additional momentum stems from bullish technical signals, consolidation above key support at $0.66, and optimism surrounding new cross-chain partnerships, particularly with Bitcoin.

Currently, ADA trades near $0.71 with a circulating supply of approximately 35 billion tokens and a market capitalization estimated at $24–25 billion, placing it among the top ten cryptocurrencies. The asset has shown moderate volatility and positive sentiment, with technical resistance at $0.72–$0.73 and support at $0.66, as traders watch for a potential breakout or a retest of lower levels.