<ul data-eligibleForWebStory="false"><li>Cardano (ADA) price rose by nearly 8% despite SEC pausing the approval of Grayscale's GDLC fund.</li><li>Cardano remained stable above $0.60 after the price increase, supported by positive investor sentiment and broader market optimism.</li><li>Technical indicators and bullish trader activity suggest a potential breakout for Cardano in the near future.</li><li>Cardano is trading at $0.6083, with the long-to-short ratio indicating optimism and open interest showing stronger buying pressure.</li></ul>

Cardano Price Climbs While SEC Freezes Grayscale GDLC—What’s Next for ADA?

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