{"id":27609,"date":"2026-03-24T08:32:19","date_gmt":"2026-03-24T08:32:19","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=27609"},"modified":"2026-03-24T08:32:21","modified_gmt":"2026-03-24T08:32:21","slug":"cardano-ada-midnight-launch","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/cardano-ada-midnight-launch\/","title":{"rendered":"Cardano (ADA) set to explode? Midnight launch and price analysis"},"content":{"rendered":"\n

Cardano: The perfect time for a breakout?<\/h2>\n\n\n\n

Cardano<\/a> (ADA)<\/strong>, the twelfth-largest cryptocurrency<\/a><\/strong> by market capitalization, is currently trading around $0.26<\/strong>, recording an increase of over 3.4% in the last 24 hours. Despite this slight rebound, the asset remains heavily battered: it is trading 71% below its local high of $0.90 and more than 91% down from its ATH<\/strong> (All-Time High) of $3.10 reached in September 2021.<\/p>\n\n\n\n

However, beneath the surface, selling pressure seems to be running out of steam. Open Interest holds steady at $374 million, while the short-to-long ratio has reached highs not seen since June 2023. This overrepresentation of short positions (bearish<\/strong>) creates fertile ground for a potential short squeeze, a massive liquidation<\/strong> of short sellers capable of violently propelling the price upward.<\/p>\n\n\n\n

Cardano (ADA) ready for a rally thanks to an oversold RSI?<\/h2>\n\n\n\n

Technical analysis reveals a particularly interesting setup for buyers. Cardano’s<\/a> weekly RSI<\/strong> (Relative Strength Index) recently plunged into oversold territory, a classic indicator of bearish trend exhaustion. Historically, this type of signal often precedes a major bullish correction<\/strong> or a lasting trend reversal.<\/p>\n\n\n\n

\"ADA<\/figure>\n\n\n\n

Furthermore, the 365-day MVRV (Market Value to Realized Value) ratio shows a 43% drop. According to historical data shared by Santiment, a similar fall in the MVRV in December 2023 was followed by a spectacular 58% rally<\/strong>. If history repeats itself, Cardano (ADA)<\/strong> could well surprise investors with an impulsive upward move.<\/p>\n\n\n\n

In terms of key levels, major support<\/strong> sits at $0.253<\/strong>. As long as buyers defend this zone, a bounce toward the major POC (Point of Control) at $0.285<\/strong> remains the primary scenario. Conversely, a break below this support would invalidate this momentum and could trigger a deeper retracement<\/strong> toward $0.244.<\/p>\n\n\n\n

ADA’s price remaining below the POC indicates that the trend is still firmly bearish and that buyers need to step in with higher trading volumes to kickstart a sustainable uptrend for ADA.<\/p>\n\n\n\n

Can fundamentals reignite the ADA bull run?<\/h2>\n\n\n\n

Beyond technical analysis, the Cardano network is gearing up for major fundamental developments. The highly anticipated launch of the privacy-focused Midnight mainnet<\/strong> is scheduled for the end of the month. This strategic update aims to strengthen the blockchain’s decentralization and institutional appeal.<\/p>\n\n\n\n

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\ud83d\udea8 INSTITUTIONS ARE COMING TO MIDNIGHT \u2014 AND THEY\u2019RE RUNNING NODES \ud83d\udea8

The Midnight Network is rapidly assembling a powerhouse of global operators ahead of mainnet \u2014 and two major players just joined:

This isn\u2019t just infrastructure \u2014 it\u2019s real institutional use cases going live:\u2026 pic.twitter.com\/kJzTA6L1NW<\/a><\/p>— Midnight Explorer (@midnightexplr) March 18, 2026<\/a><\/blockquote>