Cardano price prediction is at a critical juncture, as the ADA token has hit a new annual low. This situation creates uncertainty among investors, who are cautiously observing the moves of founder Charles Hoskinson and the launch of his new project, Blockchain Midnight. Although Hoskinson has denied rumors that he will “leave Cardano,” his growing focus on privacy and the launch of the NIGHT token could significantly influence ADA’s price dynamics.
The ADA token has broken a key support of $0.50, which now acts as strong resistance. Technical analysts suggest that ADA’s inability to reclaim this level could indicate a continuation of the bearish trend. Furthermore, the Relative Strength Index (RSI) stands at 50, the midline, reflecting a lack of significant momentum in either direction. The Cardano community has shown signs of exhaustion, with ADA falling over 20% among the top cryptocurrencies, underscoring the fragility of current sentiment.
Midnight’s impact on Cardano price prediction
The launch of Midnight’s NIGHT token, scheduled for December 8, 2025, could have a dual effect on Cardano price prediction. On one hand, as a sidechain built on Cardano and with the NIGHT token initially minted on this network, it could generate renewed interest in ADA’s underlying technology. However, on the other hand, attention diverted to a new project could dilute the focus and capital from investors who have historically supported Cardano.
Midnight’s roadmap, spanning four phases until Q3 2026 with the launch of hybrid dApps, could be perceived as an expansion of the ecosystem or as a sign that Hoskinson seeks to diversify his interests. For the ADA token, the best-case scenario would be a bounce allowing a successful retest of the $0.50 resistance. If it fails to overcome this level, the Cardano price prediction points to further declines until it finds a solid bottom where it can begin to rebuild.
Finally, Cardano’s economy is at a crossroads. ADA’s ability to find new support and generate bullish momentum will depend on several factors, including Midnight’s acceptance and success, as well as overall market sentiment. Investors will be attentive to Hoskinson’s upcoming statements and the traction the NIGHT token gains, as both elements will be key to the future direction of ADA’s price and the Cardano ecosystem.
