T. Rowe Price's ADA Inclusion Boosts Cardano by Nearly 30% in a Week

Cardano (ADA) has surged by nearly 30% over the past week following its integration into T. Rowe Price's Active Crypto ETF, which now holds approximately $81,000 worth of ADA tokens.

The token is currently trading at around $0.220-$0.223, with key resistance positioned near the 200-day EMA at $0.249.

Large holders have offloaded about 100 million ADA tokens since the weekend, indicating potential profit realization among these investors.

Derivatives markets show a bearish positioning among short-term traders, with a long-to-short ratio of 0.72.