- Cardano’s price climbed more than 11% as bulls reached their highest level in three weeks.
- Gains came as Bitcoin rebounded to $92,000 and Cardano celebrated two key developments.
- Rising toward $0.47 could enable bulls to target the crucial $0.50 milestone and beyond in the coming weeks.
Cardano led 24-hour gains on Wednesday, with the token’s price jumping more than 11% as bulls pushed to build on the advances seen on December 9, 2025.
Those gains moved ADA to its highest point since November 19 and appeared amid a broader crypto market recovery.
While Bitcoin tested resistance above $92,000, ADA climbed to a high of $0.48.
Bulls remained positioned around that level, with momentum supported by the launch of Cardano’s Midnight sidechain and ADA’s inclusion in the Bitwise Crypto 10 ETF.
Both developments boosted investor optimism and put Cardano in a position to attempt a breakout as it seeks to reclaim key price levels.
Cardano rises 11% as bulls reach $0.48
The Cardano token led gains among the top 100 coins by market capitalization.
ADA’s advance from the previous session carried into early trading on December 10, delivering an 11% 24-hour surge that pushed prices to $0.48.
The resilience of Bitcoin provided support to bullish sentiment. However, one of the main drivers of this rally was the recent debut of Midnight.
The privacy-focused sidechain integrated with Cardano has its token trading on multiple exchanges, and privacy-oriented projects have shown potential for growth.
Midnight, previewed on December 8, 2025, leverages zero-knowledge proofs and the Hydra scaling solution.
Its launch generated excitement within the ecosystem, including praise from Cardano founder Charles Hoskinson.
Hoskinson celebrated the milestone on X, writing: “Congratulations Midnight.”
Congratulations Midnight https://t.co/MsdgiQyCoW
— Charles Hoskinson (@IOHK_Charles) December 9, 2025
Positive sentiment around Midnight, combined with the market’s bullish turn, favored ADA’s price action.
Adding to the price momentum earlier in the week was ADA’s inclusion in the Bitwise 10 Crypto Index ETF (BITW), launched on December 9, 2025.
Listed on the New York Stock Exchange, BITW reported $1.25 billion in assets under management (AUM) on December 9 and allocates 0.65% of its holdings to ADA.
Cardano price outlook: can it break above $0.50 next?
Recent ADA gains suggest bulls could target the $0.50 threshold — a level below which bears intensified selling pressure in mid-November.
That breakdown pushed prices to lows near $0.37 before a robust recovery that initially stalled around $0.45.
Within the context of a broader market uptrend, buyers cleared the supply wall and technical indicators point to a potential move toward the $0.50 mark.
Technical analysis highlights a positive signal from the Moving Average Convergence Divergence (MACD).
The daily MACD shows a bullish crossover, while the Relative Strength Index (RSI) has climbed above the critical 50 level.
On a successful breakout, a key level to watch is the 50-day exponential moving average (EMA), currently near $0.83.
As Cardano capitalizes on technological progress and growing institutional support, the next major upside target in a sustained market rally could be $1.00.
The cryptocurrency last reached that level in March 2025, when ADA surged more than 70% in a single day, rising from roughly $0.65 to nearly $1.20.