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