Cardano price is showing signs of a potential breakout as both technical charts and fundamental developments align in its favor. With Cardano (ADA) holding crucial support levels and being included in a proposed expansion of the Nasdaq Crypto Index, traders are becoming increasingly optimistic.
While current prices hover around $0.66, several analysts are forecasting a rally toward $1.00 and $1.60 in the near term, with some suggesting a long-term path to $5 if the bullish setup plays out.
Cardano (ADA) Holds Support, Flirts with Resistance
As of June 9, 2025, $ADA is trading at approximately $0.6631, according to TradingView data. Despite a slight 1.06% drop over the past 24 hours, the chart reveals a stable structure.
The ADA Coin has maintained its position above the $0.63–$0.67 support range, which analyst Crypto Winkle says is a major zone to watch.
Winkle highlights that if ADA can break above the $0.70 resistance level with substantial volume and hold it during a retest, the next logical target would be $1.60.
This is supported by a historical pattern he mentions, where ADA 3x’d from a similar setup in previous cycles. The technical chart he shared shows a breakout from a long-term downtrend line with a potential parabolic move forming.
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The analyst also notes the presence of rising support, indicating an uptrend that is gradually gaining momentum. This pattern typically signals accumulation by market participants, especially when price action remains relatively quiet while maintaining higher lows.
“The fundamentals are solid,” he adds, pointing to Cardano’s unique position as one of the few blockchains with no downtime, peer-reviewed upgrades, and a scalability-focused model. These traits are helping ADA quietly position itself for a move that could catch many traders off guard.
$0.51 is the Safety Net for Cardano Price
While the current support at $0.63 is holding well, some analysts are also keeping an eye on a deeper safety zone. Most Angry Bull, another well-followed analyst, noted that $0.51 is a historical level where ADA has bounced multiple times.
According to him, “If this level holds, we could see a strong reversal and a rally toward $1.00.” His chart shows a potential bounce from $0.51, leading to a sharp recovery.
Though the current price is still above this level, it serves as a fallback zone if the $0.63 area is breached in the coming days.
Nasdaq Crypto Index Expansion Adds Fuel
Beyond charts and indicators, there’s a major macro catalyst in play: Cardano has been included in the Nasdaq Crypto Index (NCIQ) expansion proposal. A new filing with the SEC confirms that the index will grow from five to nine assets, adding $ADA alongside Ripple’s XRP, Solana (SOL), and Stellar Lumens (XLM).
This development not only increases Cardano’s legitimacy but also makes it more accessible to traditional institutional investors. The move is expected to bring broader exposure to ADA, which could translate into increased demand over time.
The final SEC decision deadline is November 2, 2025, but markets are already reacting positively to the announcement.
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