ADA Slides 5.56% Amid Whale Moves, But Nasdaq Index Inclusion and ETF Odds Boost Long-Term Outlook

Cardano (ADA) is currently trading at $0.6313 on Binance, down 5.56% over the last 24 hours after opening at $0.6685. The recent price decline is attributed to technical bearish momentum, with ADA trading below key moving averages, confirmed by negative MACD crossovers and increased selling volume. Additional downward pressure came from whale addresses reducing holdings earlier in the week, though a slight rebound in whale accumulation has been observed in the past 48 hours. Despite the short-term decline, ADA has seen heightened institutional interest following its inclusion in the Nasdaq Crypto Index and a surge in ETF approval odds to 75% as reported by Bloomberg. Trading volume remains robust at over $525 million in the past 24 hours, and ADA’s circulating supply stands at approximately 35.27 billion tokens. Overall, while Cardano faces near-term volatility and technical resistance, ongoing developments such as ETF speculation and institutional recognition continue to support its longer-term outlook.