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>>Cardano’s downtrend continues after the Midnight NIGHT launch, with the rally losing momentum.

Cardano’s downtrend continues after the Midnight NIGHT launch, with the rally losing momentum.

crypthub

1 day ago

Market Decline

Cardano entered a pronounced downtrend after the Midnight sidechain introduced the NIGHT token on December 8, 2025. ADA slipped from $0.484 as selling pressure intensified, and the token failed to maintain critical support levels, notably $0.405. This breach suggests the possibility of additional downside unless broader market conditions improve.

Recent Rally

Prior to the decline, Cardano recorded a 30.6% surge, reaching $0.484 before the momentum stalled. Technical tools such as the Chaikin Money Flow (CMF) began indicating weakening buying pressure, aligning with the emerging bearish pattern.

Future Outlook

Further price deterioration appears likely if Bitcoin does not find stability, as the broader crypto market often mirrors Bitcoin’s movements. Monitoring Bitcoin’s trend will be crucial for anticipating Cardano’s next direction.