- Cardano price climbed more than 11% as bulls pushed the token to its highest level in over three weeks.
- Gains coincided with Bitcoin’s recovery to $92,000 and two significant developments for Cardano.
- A rise toward $0.47 could allow bulls to target the key $0.50 level and potentially higher in the coming weeks.
Cardano topped the list of 24-hour gainers on Wednesday, with the token’s price jumping more than 11% as bulls sought to build on profits from December 9, 2025.
Those gains pushed ADA to its highest level since November 19, amid a broader recovery across the crypto market.
As Bitcoin tested resistance around $92,000, ADA’s price climbed to a peak near $0.48.
Bulls remain in control at this level, helped by momentum from Cardano’s Midnight launch and ADA’s inclusion in the Bitwise Crypto 10 ETF index.
These developments have boosted investor confidence and positioned Cardano for a potential breakout as bulls try to reclaim critical price levels.
Cardano rises 11% as bulls reach $0.48
The Cardano token led the winners among the top 100 coins by market capitalization.
ADA’s rally from the previous session carried into early trading on December 10, when an 11% 24-hour increase pushed prices up to $0.48.
Bitcoin’s resilience has supported bulls, but the primary catalysts for the move were Cardano’s Midnight launch and growing interest around privacy-focused sidechains.
Midnight, a privacy-focused sidechain integrated with Cardano, began token trading on several exchanges as privacy coins showed renewed interest.
Debuting on December 8, 2025, Midnight leverages zero-knowledge proofs and the Hydra scaling solution.
The launch sparked enthusiasm across the community, including praise from Cardano founder Charles Hoskinson.
Hoskinson acknowledged the milestone on X, writing, “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 upswing, gave ADA a tailwind.
Another boost earlier in the week came from Cardano’s inclusion in the Bitwise 10 Crypto Index ETF (BITW), which launched on December 9, 2025.
BITW, trading on the New York Stock Exchange, reported assets under management of $1.25 billion on December 9 and allocated 0.65% of its holdings to ADA.
Cardano price outlook: can it break $0.50 next?
ADA’s recent gains give bulls a chance to push toward $0.50, a level that triggered downward pressure from bears in mid-November.
That pullback sent prices to a low near $0.37 before a robust recovery that initially stalled around $0.45.
Amid the broader market rally, buyers have cleared supply barriers, and technical indicators point to the possibility of a move toward $0.50.
Technical analysis highlights a bullish signal from the moving average convergence divergence (MACD).
The daily MACD shows a positive crossover, while the Relative Strength Index (RSI) has climbed past the critical 50 mark.
If momentum continues, an important level to watch is the 50-day exponential moving average (EMA), currently near $0.83.
As Cardano benefits from technological advances and increasing institutional support, the next target on an extended run would be $1.00.
The cryptocurrency last reached that level in March 2025, when ADA surged more than 70% in a single day, jumping from roughly $0.65 to nearly $1.20.