ADA Surges 1.9% as Nasdaq Index Inclusion and Binance US Relisting Fuel Institutional Demand

Cardano (ADA) has experienced a 1.90% price increase over the past 24 hours, rising from a 24h open of $0.7056 to a current Binance price of $0.7190. This positive movement is primarily attributed to ADA’s recent inclusion in the Nasdaq Crypto US Settlement Price Index, which has boosted its visibility among traditional investors and led to a surge in trading volumes. Additional momentum came from the relisting of ADA on Binance US, making it accessible again to American users, and the announcement of Cardinal, a new protocol for Bitcoin holders to access Cardano DeFi services. Large holders have accumulated over 120 million ADA in the last 48 hours, reflecting strong institutional interest. ADA is currently consolidating just below key resistance at $0.72, with support at $0.67 and increased trading activity, as technical indicators show short-term bullishness but also signs of momentum exhaustion near current levels.