Coinspeaker
Dec 10, 2025
6 0

ADA Price Surges 10% Amid Cardano Midnight Launch Praise

Cardano's cryptocurrency, ADA, surged 10% in the last 24 hours, trading at $0.47. The rise coincides with a 150% increase in daily trading volume, reaching $1.58 billion, suggesting positive trader sentiment.

ADA Price Rally

  • Crypto analyst Captain Faibik reported a breakout from a descending resistance line, indicating potential further gains.
  • This breakout might lead to an additional 56% increase to $0.67.
  • The 4-hour chart shows a bullish inverse head-and-shoulders pattern, backed by momentum indicators such as the MACD line crossing above the signal line.
  • Initial upside targets are set at $0.48 and $0.52.

Cardano showing an inverse head and shoulder pattern. | Source: TradingView

A recent allocation of 70 million ADA from Cardano’s treasury could further support the price rally.

Midnight Launch

  • Charles Hoskinson praised the launch of Midnight, Cardano’s zero-knowledge privacy network, which reached 1 million mining addresses.
  • Midnight aims to balance confidentiality with regulatory compliance, marking a significant milestone for Cardano.
  • Midnight's native token, NIGHT, is up 97%, trading at $0.06286, with a 700% increase in trading volumes.