🚀 #ADA Update | Binance Square Style
🔹 Price Action: ADA trades around $0.557, down ~2.5% in the last 24h . Buyers steady support near $0.563, resistance looms at $0.61–0.62 .
🔹 Ecosystem News:
Coinbase launched cbADA (wrapped ADA) on Base L2, aiming for cross‑chain DeFi boosts. Market response was muted, ADA dipped ~3% initially .
Midnight privacy sidechain draws attention—with a planned NIGHT token airdrop and potential XRP/DeFi integration, says Hoskinson .
Inclusion in Nasdaq’s expanded Crypto Index adds credibility—helped ADA gain ~3% and spike trading volume 68% .
🔹 Market Mood: Traders eyeing $0.55–$0.57 for accumulation. A clear close above $0.61 could trigger rally to $0.70+, while breach below $0.55 risks slide to $0.50–$0.40 .
🎯 Bottom Line
Cardano sits at a pivotal juncture. With innovative moves like cbADA and Midnight, and institutional validation via Nasdaq, ADA is set—but the market awaits real momentum. Hold above $0.56, breach $0.61—bullish signals. Lose key support, and caution is warranted.
#ADA #Cardano #cbADA #Midnight #Nasdaq #DeFi #CryptoTrading #DYOR