In a major breakthrough in the world of cryptocurrency, Nasdaq and CME Group announced the launch of the Nasdaq-CME Crypto Index, a major step towards mainstream adoption of cryptocurrency. In a major boost, Cardano (ADA) has also been included in this major index along with other prominent cryptocurrencies in the market.

This partnership marks the increasing awareness of Wall Street of the legitimate role of digital assets as part of an investor’s portfolio. Nasdaq and CME are essentially creating a structure that will minimize uncertainty and allow for better comparability of their crypto investments. Industry analysts are of the view that these developments could lay the foundation for other defined products in the world of cryptocurrencies.

Also Read: Cardano Finalizes Ouroboros Linear Leios CIP: Could It Push ADA to $10?

Cardano (ADA) Eyes Strong Upside as Key Support Holds

Cardano (ADA), on the other hand, displays renewed signs of being bullish as it consolidates around very important levels. Two levels that have been pointed to as potential entry points for long positions to start being accumulated are $0.388 and $0.380. Support is currently being shown at $0.30.

Source: X

If this momentum is maintained, ADA could experience substantial growth during the upcoming trading sessions. Levels have been set at $0.50, $0.70, and eventually at $1.00, although the crucial level appearing during this time has been found to be $1.10. This particular level has been recognized as the next target, especially considering the imminent breakout period.

Technicals Suggest Consolidation Before Trend Reversal

Cardano’s ADA has been in a sustained downtrend since the end of September 2025, making lower highs and lower lows. After touching a low of $0.38 in December, ADA made an effort to reverse and is currently holding at $0.393. Resistance for the short term is at $0.416 (20-EMA), and the 50, 100, and 200-EMAs are at $0.492 and $0.581, respectively.

Source: TradingView

An RSI(14) value around 50 is neutral for momentum, given previous oversold levels. A breakout above 55-60 can lead to much stronger buying actions, while a breakdown below 45 can indicate stronger selling actions. The current consolidation level of ADA around its 20 EMA is an essential test for resistance levels around $0.416-$0.492 and support at $0.38.

Also Read: Cardano (ADA) Finds Strong Support Near $0.42 As Selling Pressure Fades

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Filed under: Bitcoin - @ January 13, 2026 1:00 am