Cardano price prediction: ADA eyes $0.65 after breaking key resistance

• Cardano’s price now eyes $0.65 after breaking past the $0.60 resistance.
• Technical buy signals and high volume fuel the bullish outlook.
• Grayscale recently boosted ADA’s share in its Smart Contract Fund to 22.91%.

Cardano’s (ADA) price has ignited fresh optimism among traders as ADA surges past the critical $0.6 resistance level.

After months of bearish pressure, the altcoin is flashing signs of life that could shift sentiment in its favor.

On Tuesday, April 08, 2025, the altcoin climbed to a high of $0.6167, marking a 16.98% gain in just 24 hours from $0.5272.

This breakout follows a modest recovery from a recent low of $0.510, fueled by a 44.07% spike in daily trading volume to nearly $1.77 billion.

High volume often signals robust investor interest, hinting at growing confidence in a short-term rally.

After a bruising 47% year-to-date drop in 2025, the surge above $0.6 move could be the turning point ADA bulls have been waiting for.

Cardano’s fundamental analysis

Despite a 13.16% dip over the past week, Cardano’s fundamentals remain a beacon for long-term believers.

Grayscale’s recent rebalancing of its Smart Contract Fund boosted ADA’s share to 22.91%, making it the third-largest holding.

BREAKING NEWS:

GRAYSCALE BOOSTS CARDANO TO TOP 3 IN SMART CONTRACT FUND