Cardano price settles at a key level ahead of the Midnight launch: will it rebound?

cryptonews12-07

Cardano price remains in a technical bear market and is hovering near its lowest level since November last year as traders wait for the upcoming launch of the Midnight mainnet and as more exchanges ...

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It remains much lower than the all-time high of $3, lagging other top tokens like Chainlink and Ethereum.The developers launched the NIGHT token last week, becoming the first Cardano Native Asset. This token will now be launched and become tradeable on Monday this week. Some top exchanges like Bybit, Gate, and OKX have all confirmed that they will list it.The token has moved below the 50-week and 100-week Exponential Moving Averages, while the Percentage Price Oscillator  have","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7016":"应用软件","ADA.AU":"ADACEL TECHNOLOGIES LIMITED"},"translate_title":"卡尔达诺价格在午夜发布前稳定在关键水平：会反弹吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADA.AU":1},"content_text":"Cardano price remains in a technical bear market and is hovering near its lowest level since November last year as traders wait for the upcoming launch of the Midnight mainnet and as more exchanges confirmed the NIGHT token listing.\n\n\nSummary\n\n\n\nCardano price has dropped to a crucial support level this month.\nThe developers will launch the Midnight sidechain on Monday.\nOKX, Gate, and Bybit have confirmed that they will list the NIGHT token.\n\n\n\nCardano (ADA) token was trading at $0.4185, down sharply from the year-to-date high of $1.3202. It remains much lower than the all-time high of $3, lagging other top tokens like Chainlink and Ethereum.\nCardano will be in the spotlight as investors focus on the upcoming Midnight mainnet launch, which will happen on Monday. Midnight is a project that has been in development for the past few years, which will create more utility for Cardano.\n\nMonday is going to be a good day— Charles Hoskinson (@IOHK_Charles) December 7, 2025\n\nThe developers launched the NIGHT token last week, becoming the first Cardano Native Asset. This token will now be launched and become tradeable on Monday this week. Some top exchanges like Bybit, Gate, and OKX have all confirmed that they will list it.\nThe NIGHT airdrop will be important for Cardano as it will allow people who claimed it during the Glacier airdrop and the scavenger mine period to claim it. While some of these holders will sell them, others will likely sell them.\n\nFIVE DAYS 🔥Mark your calendar and set reminders to ensure you are ready to manage your NIGHT allocation.If you claimed during Glacier Drop or Scavenger Mine, this is your heads-up: you must redeem to receive your NIGHT.The Redemption portal will launch shortly beforehand… pic.twitter.com/ax8zlsusRt— Midnight (@MidnightNtwrk) December 5, 2025\n\nCardano and the team, including Charles Hoskinson, hopes that Midnight will introduce more developers to the network and boost its total value locked. \nHowever, some analysts question Midnight’s benefit to the Cardano ecosystem as it will enable users to develop on Midnight and not Cardano itself. Also, some recently launched layer-2 and layer-1 networks have not been successful. For example, Plasma and other networks like Monad and Keeta have faded shortly after launch.\nCardano price technical analysis \nADA price chart | Source: crypto.news\nThe weekly timeframe chart shows that the ADA token has been in a strong downward trend in the past few months, falling from the year-to-date high of $1.3202 to a low of $0.400.\nCardano token has moved below the important support level at $0.5113, its lowest level January, April, and June this year. It has now settled along the ascending trendline, which connects the lowest swings since June 2023, August last year, and December this year.\nThe token has moved below the 50-week and 100-week Exponential Moving Averages, while the Percentage Price Oscillator (PPO) have moved below the zero line.\nTherefore, the token will likely continue falling if it moves below the ascending trendline. If this happens, the next key support level to watch being at $0.2760, its lowest level in August last year. A move above the resistance level at $0.5113 will invalidate the bearish outlook.\n\n\n\n\n\n                You might also like:\n            \n\n                Why is XRP price crashing as the Ripple ETF inflows soar?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2589093876","isCrawlerRequest":true}