Cardano Price Prediction: Can Bitwise’s ETF Listing Bring New Momentum for ADA?

Group 1 - Cardano has gained increased visibility as Bitwise moved its Bitwise 10 Crypto Index ETF to NYSE Arca, placing ADA alongside the ten largest cryptocurrencies [1] - The inclusion of ADA in the index allows traditional investors to access it through regular brokerage accounts without needing crypto wallets or on-chain transfers [2] - ADA holds a 0.65% share of the index, which tracks the largest and most established digital assets, with monthly updates on liquidity and regulatory standards [2] Group 2 - Cardano's price has increased by approximately 6.3% over the past 24 hours, trading near $0.4254, but has faced resistance around the $0.45 mark [3] - The price movement has been characterized by a steady downtrend, with each bounce forming lower highs and pullbacks leading to lower lows [4] - Recent trading shows a rejection just under $0.46, indicating that buyers are struggling to overcome short-term resistance [5] Group 3 - If the price falls below the established support level, the downtrend may continue, potentially leading to a deeper drop [6] - Current momentum remains weak, with no clear signs of a price reversal on the chart [6]