Cardano Price Dips 10% as Midnight Token Launch Turns Sour

Cardano price has experienced a 10% decline in the last 24 hours, dropping below $0.45 amid a bearish market trend. This decrease follows a negative market response after the Federal Reserve’s recent interest rate cut, which triggered a broader market downturn.

The entire crypto market has experienced a decline of 3% in the same period. Cardano fell to the bottom of the $0.47 point and currently testing the support of the $0.43 point.

Although this has slightly bounced off, the momentum remains weak unless ADA is able to re-conquer the position of $0.438 to $0.440 range. In case the support zone holds, then a few-month recovery might be achieved, but in the meantime, the pressure might persist in the case of ADA.

Cardano’s Network’s NIGHT Token Falls After Launch

The NIGHT token of Cardano’s Midnight Network has plunged 80% in recent days. The token skyrocketed to $150 after its introduction. However, NIGHTsoon collapsed and is trading at about $0.050. It fell by 6% in the last 24 hours.

This sudden drop has been occasioned primarily by massive selling by the airdrop recipients. A lot of the holders who had received the token as a result of the airdrop began to sell their tokens as soon as possible. 

This pressure in selling made the price to decline tremendously. Cardano founder Charles Hoskin had already touted the release of Midnight. He termed it as the most successful in the history of Cardano. 

He also emphasized the capacity of the network to manage the large assets. Nevertheless, the price volatility of the token following the launch indicates the difficulty in dealing with speculative market behavior.

A total of 54% of active positions are short positions in the last 24 hours. The long-short ratio chart depicts that there has been a sharp increase in the bearish bets, which means that traders are expecting the price to fall further.

Is Cardano Price Set for a Reversal or Further Decline? 

The ADA price hovered at $0.42 on December 11, 2025, reflecting a slight decrease of 8%. Cardano price has recently encountered some downward pressure, with notable resistance levels near $0.50 and $0.45.

The MACD has a bearish move, with the blue line (MACD) passing beneath the orange signal line with a possibility of further fall.

On the upside, Cardano long-range prediction needs to reclaim levels above $0.45 and potentially target $0.50 if a bullish reversal occurs.

The RSI stands at 40, which is below 50, indicating that ADA is closer to the oversold position. A fall below the support of the ADA at $0.42 may take the Cardano price nearer to the level of $0.41.