ADA Surges 29% After T. Rowe ETF Addition: Can Bulls Push Higher?
- ADA surged 29% after T. Rowe Price added Cardano exposure through an active crypto ETF.
- Whale selling and bearish derivatives positioning now signal caution after the sharp rally.
- ADA could target $0.29 if bulls break above the critical $0.249 resistance level.
Cardano has caught traders' attention after ADA delivered a powerful 29% weekly rally. The token climbed as market sentiment improved across the broader crypto sector. Fresh institutional exposure also strengthened the bullish narrative around ADA. T. Rowe Price recently added Cardano to an active crypto ETF. That move helped ADA recover after a recent setback. However, traders now face rising profit-taking and growing signs of short-term caution.
T. Rowe ETF Addition Gives ADA a Fresh Boost
ADA currently trades around $0.223 after extending last week's strong advance. The rally followed news that T. Rowe Price added ADA exposure. The asset manager oversees roughly $1.87 trillion in assets. T. Rowe Price launched the Active Crypto ETF in July 2026. The fund trades under the TKNZ ticker and initially held several major assets. Bitcoin and various altcoins formed part of the original portfolio.
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