Cardano Eyes $0.45 Resistance Ahead of NIGHT Token Release on Dec 8

TLDR

• Cardano’s ADA trades around $0.42 after falling 25% over the last 30 days.
• Midnight’s $NIGHT token launches on December 8 as a Cardano native asset.
• ADA’s MVRV ratio is -19.7%, signaling an oversold and cautious market.
• Cardano’s price must break $0.50 resistance to confirm any recovery trend.

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Cardano’s native token ADA is showing signs of stabilization near the $0.40 mark after a sharp monthly decline of nearly 25%. With the highly anticipated launch of Midnight’s native token $NIGHT scheduled for December 8, investor focus has shifted to potential recovery signals. As market sentiment slowly improves, ADA traders are closely watching key resistance levels and technical indicators for signs of a possible rebound ahead of the launch.

ADA Price Holds Support Near $0.40

Cardano is trading close to the $0.40 mark after falling nearly 25% over the past month. The recent low of $0.46 marked a steep decline, but buyers are now showing interest around this support zone. According to technical charts, ADA tested a key trendline and has bounced slightly above it.

The Moving Average Convergence Divergence (MACD) is nearing a bullish crossover, though it remains just below the signal line. Meanwhile, the Relative Strength Index (RSI) has moved into the mid-40s, showing early signs of improving sentiment. If momentum continues to build, the ADA price could move toward resistance at $0.45 in the near term.

Market Prepares for $NIGHT Token Launch

The Cardano ecosystem is preparing for the launch of Midnight’s native token, $NIGHT, on December 8. Midnight is a privacy-focused sidechain developed within the Cardano framework. The token will be launched as a Cardano Native Asset, with trading and distribution beginning on the same day.

Cardano developers said that $NIGHT will add further utility to the ecosystem. The launch is expected to attract developers and capital to the network. According to Cardanians, who have confirmed they will be validators on the Midnight network, delegators will earn both ADA and NIGHT tokens. They stated, “Dual-token rewards may support long-term participation and network growth.”

Ecosystem Developments and Network Resilience

In its latest update, the Cardano team shared that a recent malformed transaction had temporarily halted network activity. Engineers responded swiftly, restoring service without lasting disruption. The issue was resolved due to ongoing efforts to improve network stability, according to the team.

Community developers also mentioned that features will be added to $NIGHT gradually, giving the token increased functionality over time. The project has drawn attention from both retail users and technical stakeholders in the lead-up to the launch. The community is actively preparing activities to support the release date.

Technical Outlook and Resistance Levels

The ADA price must surpass $0.45 to confirm a move toward the key $0.50 resistance. If the breakout occurs, it could signal improved strength in the market ahead of the token launch. However, if momentum weakens, ADA may return to test the $0.40 support again.

Below that level, $0.37 is viewed as the next support zone. Analysts also noted that the Market Value to Realized Value (MVRV) ratio for ADA has dropped to -19.7%. This indicates that ADA is oversold, which could open the door for a recovery if broader market sentiment improves.

Bitcoin continues to trade above $86,000, which has helped stabilize major altcoins like Cardano. A strong launch of the $NIGHT token could offer ADA the momentum it needs to reclaim higher price levels. However, traders remain cautious and are watching closely to see how the December 8 launch will influence the ecosystem.

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