Cardano (ADA) Rides Bullish Wave: Major Exchange Listing Fuels Surge

Cardano''s ADA is making moves—another CEX listing sends prices climbing. Forget ''slow and steady,'' this blockchain''s got a fire lit under it.

Price action turns volatile as traders pile in. The ''Ethereum killer'' narrative gets fresh ammo—just in time for the next hype cycle.

Smart money''s watching: if ADA holds these levels, we could see a retest of previous highs. But let''s be real—in crypto, ''fundamentals'' are just decorations on the speculative rocket ship.

TLDR

• Cardano (ADA) trades near $0.70 after gaining over 6.5% in 24 hours following recent bullish momentum
• ADA secured major U.S. listing on Bitstamp via Robinhood, ending regulatory uncertainty and boosting market access
• Technical analysis shows ADA could surge 18% to $0.85 if it closes above $0.71 resistance level
• Long-term projections suggest potential 585% surge to $5.36 based on Fibonacci extensions and historical patterns
• 72.30% of traders are taking long positions while Cardano’s TVL approaches new all-time highs

Cardano has experienced renewed investor interest following a major exchange listing and technical breakout patterns. The cryptocurrency currently trades around $0.70 after recording gains of over 6.5% in the past 24 hours.

The recent price action comes after ADA secured a listing on Bitstamp for U.S. traders. This development marks the end of regulatory uncertainty that previously limited access for American investors.

Bitstamp announced through its official channels that Cardano is now available for trading to U.S. citizens. The listing follows changes in the SEC’s regulatory approach after previous concerns about ADA potentially being an unregistered security.

$ADA = LIVE in the USA 🇺🇸

Cardano is now available for US traders on Bitstamp by Robinhood. It''s a proof of stake blockchain platform that focuses on sustainability, efficiency, and scalability.

Start trading → https://t.co/vjNMhnMIRV pic.twitter.com/S6FYIKhYIG

— Bitstamp by Robinhood (@Bitstamp) June 9, 2025

Robinhood’s recent $200 million acquisition of Bitstamp adds weight to this development. The acquisition strengthens Robinhood’s position while granting it regulatory licenses across Europe, the U.K., and Asia.

The exchange listing has coincided with increased trading activity. Data from CoinMarketCap shows trading volume has jumped 45% compared to previous days.

Technical Analysis Points to Potential Breakout

Chart analysis reveals ADA trading within a descending channel pattern on longer timeframes. crypto analysts note that a sustained close above $0.77 could confirm a bullish breakout.

Current technical indicators show mixed signals. The asset faces mild selling pressure at the 200-day Exponential Moving Average on four-hour charts.

This resistance level aligns with a horizontal resistance zone. Historically, ADA experienced pullbacks of over 10% when reaching similar levels.

However, recent momentum suggests different market conditions. ADA has broken out of its prolonged descending trendline and shown strong upward movement.

The MACD indicator shows a bullish lean, though the narrow gap between it and the signal line suggests market strength remains limited. The RSI stands at 62.77, indicating the asset is not yet overbought.

Price Projections and Market Sentiment

Short-term analysis suggests ADA could gain over 18% if it closes a four-hour candle above $0.71. This scenario could push the price toward $0.85.

Using $ADA (Cardano)''s previous bull cycle as a guide for this one, prices could be setting up for another MOVE to and above its 1.272 Fibonnaci Level which is currently at the ~$5.35 Price Point!

This means that a nearly +666% upside from here can be possible. https://t.co/fpfCeVoxA9 pic.twitter.com/Y1snBeAfEe

— JAVON⚡️MARKS (@JavonTM1) June 9, 2025

Failure to break above $0.71 may trigger a downward move of around 10%, potentially pushing the price toward $0.62.

Current market sentiment favors bullish positions. The Binance Long/Short ratio sits at 2.61, indicating strong preference for long positions among traders.

Data shows 72.30% of top traders are betting on the long side, while 27.72% hold short positions. This distribution suggests overall bullish market sentiment despite ongoing selling pressure.

Long-term projections present more ambitious targets. Based on Fibonacci extension levels and historical performance patterns, some analysts project ADA could reach $3.37 and potentially $5.36 in future bull cycles.

These projections WOULD represent a 585% increase from current price levels. Such gains would require sustained bullish momentum and broader market support.

On-chain metrics support the bullish thesis. Cardano’s Total Value Locked continues rising steadily, indicating increased network activity. TVL movements often correlate with price performance as they reflect actual network usage.

Key resistance levels to watch include $0.7071 in the NEAR term and $0.72 to $0.75 for extended moves. Support levels sit at $0.68 and $0.69 if downward pressure increases.

The combination of improved regulatory clarity, exchange access, and technical momentum has positioned ADA for potential continued growth in current market conditions.