Whales Buy 70M ADA As Cardano Re-joins NASDAQ Crypto ETF

Cardano Re-lists on NASDAQ Crypto Index U.S. ETF

Cardano, $ADA has officially been re-listed on the Hashdex NASDAQ Crypto Index U.S. ETF. The token was previously removed from the index due to regulatory concerns but has now been reinstated, which is seen as a sign of growing institutional interest in Cardano.

This re-listing could open the door for more institutional investors to gain exposure to Cardano, potentially leading to increased demand for ADA. Some experts even speculate that a dedicated Cardano ETF could be launched next, which would further boost ADA’s market presence.

ADA Approaches Key Resistance: Breakout Potential

Technical analysis from crypto analysts indicates a critical resistance level for Cardano at approximately $0.865. The ADA/USD pair has recently approached this level, and experts believe a breakout could occur if the price surpasses this resistance.

The Relative Strength Index (RSI) for ADA is also showing signs of building momentum, indicating that more buying interest is entering the market.

Additionally, volume data indicates growing investor activity, which could help push the price past the key resistance level. If Cardano breaks through this level, analysts expect a significant price surge, which could attract further attention from traders and investors alike.