Cardano’s ADA Soars 10%: A Midnight Miracle or Market Masquerade? 🌟

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Cardano’s native cryptocurrency ADA

ADA
$0.46

24h volatility:
4.5%

Market cap:
$16.99 B

Vol. 24h:
$1.45 B

has been dominating the broader crypto market rally, much like a peacock strutting through a henhouse.

The ADA price is up 10% in the last 24 hours and is currently trading at $0.47. Founder Charles Hoskinson, that indefatigable optimist, also praised the Cardano Midnight launch, the blockchain’s zero-knowledge privacy network-a project so ambitious it might just convince the world that privacy and regulation can coexist. Or perhaps not. 🤷

ADA Price Stages Strong Breakout for Rally to Continue

Today’s 10% upside in Cardano price comes along with a 150% surge in daily trading volume, to $1.58 billion. This shows that the trader sentiment remains bullish for the rally to continue ahead-assuming one believes in miracles, or at least in the power of a well-timed tweet.

Popular crypto market analyst Captain Faibik has confirmed that ADA price has staged a strong breakout from the descending resistance line. This breakout comes amid strong accumulation in the $0.41-$0.43 range, thereby signaling continued buying interest-or perhaps a herd of investors leaping into the abyss, hand in hand. 🐺

$ADA #Cardano Major trendline Breakout is Confirmed.. ✅

+10% Profit so far in Few hours..🔥

– Captain Faibik 🐺 (@CryptoFaibik) December 9, 2025

As per Captain Faibik’s analysis, the breakout from the descending trend line could unlock another 56% upside from the current levels, to $0.67. This strong breakout from the multi-week resistance has boosted the chances of the ADA price recovery-assuming the market isn’t simply toying with us all like a cat with a particularly expensive ball of yarn.

Cardano’s 4-hour chart is also displaying a bullish inverse head-and-shoulders formation. Momentum indicators reinforce the constructive outlook, which is either a sign of genius or a very convincing illusion. 🎩

The MACD line has crossed above the signal line, offering strength for the upward momentum to continue. One might call it a technical marvel, or simply the work of a sorcerer who’s forgotten his own spellbook.

A confirmed breakout above the neckline would activate the pattern, with initial upside targets at $0.48 and $0.52, the levels that align with Faibik’s broader bullish projections. Whether these targets are achievable or merely aspirational remains to be seen-like asking if a bridge will hold a truck. 🌉

Cardano showing an inverse head and shoulder pattern. | Source: TradingView

The recent contribution of a 70 million ADA treasury allocation by Cardano core contributors could further aid the ADA price rally from here. One suspects this is either a masterstroke or a particularly elaborate game of musical chairs. 🪑

Charles Hoskinson Praises Cardano Midnight Launch

Cardano founder Charles Hoskinson recently praised the Midnight launch, a zero-knowledge privacy network that has reached 1 million mining addresses. Midnight, a privacy-focused Cardano sidechain designed to balance confidentiality with regulatory compliance, officially launched on December 9-just in time for the holidays, no doubt. 🎄

Following the rollout, Charles Hoskinson described the event as the most significant milestone in Cardano’s history. Whether this is true or simply a matter of perspective is, as ever, open to debate. 🤔

Congratulations Midnight

– Charles Hoskinson (@IOHK_Charles) December 9, 2025

Midnight’s native token, NIGHT, began trading on Tuesday, on several major exchanges, including OKX, Bybit, Kraken, and KuCoin. The market, ever the enthusiastic guest at a party it doesn’t fully understand, has responded with gusto.

As of press time, the NIGHT token is up 97%, trading at $0.06286, with daily trading volumes surging by more than 700%. One can only assume this is either a new era of financial wizardry or a particularly imaginative form of market madness. 🐾

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2025-12-10 16:02