Cardano's Uptober Momentum Builds Strong Following Hashdex ETF Comeback and Google Cloud Partnership

Cardano (ADA) continues to progress in Uptober with a surge, breaking the $0.75 resistance and signaling renewed bullish momentum. 

Market analyst Emilio Bojan highlights this breakout as a pivotal moment, reigniting optimism among traders and investors.

Bojan pointed out, “We’re now only 7.9% away from reclaiming $0.9061 — and from there, the path opens to $1 and beyond.”

Bojan highlights a resurgence of bullish momentum, with Cardano poised for a full-scale rally. “Bulls are heating up,” he notes, “and Cardano is ready for liftoff.”

On the other hand, Cardano recently gained a regulatory boost when the 11th-largest cryptocurrency was reinstated in the Hashdex US ETF following a prior compliance-related removal.

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This reopening gives institutional investors renewed access, enhancing liquidity and expanding Cardano’s footprint in regulated markets, developments that often fuel price momentum by attracting new participants.

Notably, breaking above $0.82 is a key technical milestone for ADA, as it overcomes a resistance that had capped momentum for weeks. 

This breakout signals renewed market confidence and potential for further gains, especially alongside ETF reinstatement and rising institutional interest, which are classic bullish indicators for traders.

As Uptober gains momentum, Cardano is capturing the spotlight. With major catalysts driving price action, ADA is set to test key resistance levels and could surge to new highs, solidifying its place as a top crypto to watch.

Meanwhile, Cardano-backed privacy blockchain Midnight recently partnered with Google Cloud to advance zero-knowledge tech and power next-gen digital systems, with Google potentially running a validator node.