T.Rowe Price's ADA Boost Fades Amid Profit Realization
T.Rowe Price's decision to include Cardano in its Active Crypto ETF has sent ADA prices soaring by 29% over the past week.
The token is currently trading between $0.220 and $0.223, with key resistance positioned at the 200-day EMA of $0.249.
Large holders have distributed approximately 100 million tokens since the weekend, indicating potential profit realization.
Decentralized exchange activity on Cardano surged from $4.15 million to $16.1 million within a 48-hour window.