- Cardano’s price rose more than 11%, and bullish sentiment reached its highest level in over three weeks.
- Gains were supported as Bitcoin rebounded toward $92,000 and Cardano welcomed two significant developments.
- After climbing to $0.47, bulls may target the important $0.50 threshold in the coming weeks.
Cardano led 24-hour gainers on Wednesday, surging more than 11% as bullish momentum built on the rise that began on December 9, 2025.
The rally pushed ADA to its highest level since November 19, coming amid a broader market rebound in digital assets.
With Bitcoin seeking resistance above $92,000, ADA spiked to a high of $0.48.
Bulls have held this level while enthusiasm around Cardano’s Midnight launch and ADA’s inclusion in the Bitwise Crypto 10 ETF index helped fuel the rally.
Those developments boosted investor optimism and increased the likelihood of a breakout as Cardano attempts to reclaim key price levels.
Cardano rallies to $0.48 as bulls push gains above 11%
The Cardano token led top-100 market-cap gainers during the recent session.
ADA’s advance continued into early trading on December 10, with a 24-hour rise exceeding 11% that drove the token to $0.48.
Bitcoin’s resilience has aided bulls, but a key driver of this momentum was the recent Midnight launch.
Midnight is a privacy-focused sidechain integrated with Cardano that supports token trading across multiple exchanges, signaling potential upside for privacy-centric assets.
Launched on December 8, 2025, Midnight leverages zero-knowledge proofs and Hydra scaling solutions.
The launch sparked enthusiastic reactions from the Cardano community, including founder Charles Hoskinson.
Hoskinson celebrated the milestone on X, saying, “Congratulations Midnight.”
Congratulations Midnight https://t.co/MsdgiQyCoW
— Charles Hoskinson (@IOHK_Charles) December 9, 2025
The positive sentiment around Midnight combined with a broader market bullish shift to create tailwinds for ADA.
Another catalyst for this week’s price surge was ADA’s inclusion in the Bitwise 10 Crypto Index ETF (BITW), which launched on December 9, 2025.
BITW is traded on the New York Stock Exchange. As of December 9, it reported $1.25 billion in assets under management and allocated 0.65% of its holdings to ADA.
Cardano price outlook: can it break $0.50 next?
With ADA’s recent gains, bulls may now target the $0.50 level. That mark represented a point where bears had intensified selling pressure in mid-November.
After falling to a low near $0.37, Cardano staged a strong recovery, briefly pulling back to roughly $0.45 before the latest advance.
As the crypto market tracks higher, buyers aim to push through supply barriers, and technical indicators suggest momentum could carry ADA toward the $0.50 threshold.
Cardano price chart
Technical analysis highlights a positive reading for the moving average convergence divergence (MACD) indicator.
The daily MACD shows a bullish crossover, and the relative strength index (RSI) sits above the important 50 level.
If a breakout occurs, an important resistance to watch is the 50-day exponential moving average (EMA) near $0.83.
As Cardano capitalizes on technological advances and rising institutional support, a longer-term rally target for the next bull market remains $1.
The token last reached that level in March 2025, when ADA jumped more than 70% in a single day, surging from roughly $0.65 to about $1.20.