ADA Surges 3.88% as Nasdaq Index Inclusion and Cardinal Protocol Ignite Investor Demand

Cardano (ADA) experienced a 3.88% price increase over the last 24 hours, currently trading at $0.7260 on Binance after opening at $0.6989. This price movement is primarily attributed to ADA's inclusion in Nasdaq’s expanded crypto benchmark index, as confirmed by an SEC Form 8-K filing, which significantly boosted trading volumes and renewed investor interest. Additional bullish momentum came from the launch of Cardano's Cardinal Protocol, enabling non-custodial Bitcoin DeFi on Cardano, and notable accumulation by large holders, who acquired over 120 million ADA in the past 48 hours. The market saw ADA break through key resistance levels, reaching a high of $0.715 before consolidating near $0.72, with strong support observed at $0.66–$0.67 and technical indicators reflecting both buying pressure and short-term caution. Circulating supply remains at approximately 35.2 billion ADA, with market capitalization estimated to have increased alongside the price surge.