
For weeks now, the Cardano (ADA) price has taken a hit, but the sentiment around it appears to be shifting. The price slipped under the important $0.50 support and is now near $0.46, down almost 25% in a month.
However, its MVRV ratio dropped to -19.7%, a level that usually points to an oversold market where long-term holders are quietly buying the dip.
What really changed the mood, though, was Charles Hoskinson confirming that Midnight’s native token, $NIGHT, will officially launch on December 8. Distribution and trading will begin immediately, and that announcement alone sparked renewed interest in ADA.
It also arrives during a moment when the Cardano price structure is weak, so the market is paying close attention to anything that could help stabilize momentum.
There’s still some caution in the background. Hoskinson said the sudden pro-crypto stance from the Trump administration distorted the usual market cycle, and ADA has been one of the harder-hit top coins this quarter.
Even so, Cardano’s ecosystem is expanding, and the Midnight launch has become the new catalyst traders are watching.
#Cardano Founder Reveals Official Launch Date for Midnight’s $NIGHT Token.
— TheCryptoBasic (@thecryptobasic) November 18, 2025
Charles Hoskinson, the founder of Cardano, has announced the official distribution and trading date for NIGHT, the native token of Cardano’s privacy-focused sidechain, Midnight.
Speaking at the Midnight… pic.twitter.com/Tzta9x5Obu
How the $NIGHT Launch Could Impact ADA Price
Midnight brings something Cardano has been missing: a privacy-focused sidechain with its own token economy.
With confidential smart contracts, hardware wallet support, and day-one exchange listings, it has a strong chance of attracting developers and liquidity from outside the Cardano community.
This is where Cardano (ADA) comes into the picture. Activity on Midnight ultimately feeds back into the main chain, which means more transactions, more fees, and more demand for ADA over time.
On top of that, privacy tokens tend to move quickly when the narrative picks up. If $NIGHT captures attention during its launch, Cardano (ADA) could benefit just from being the base layer supporting it.
Liquidity is the only real unknown right now. Midnight’s team says the token will launch on several exchanges immediately, but how much capital actually flows in on day one will determine how much of that hype spills over into ADA.
ADA Price Outlook – What Happens Next
The key level to watch remains the $0.50 resistance. If ADA can reclaim that area and hold it, the chart could finally start showing signs of recovery.
That would open the path toward the mid-$0.50s and possibly $0.60+, provided that the Midnight launch brings in meaningful attention.
If the Cardano price slips below $0.45, the next important support lies near $0.30. Losing that range would place ADA in jeopardy of a deeper reset.
The market, for the moment, stands in a wait-and-see attitude as to how formidable the privacy narrative will be when $NIGHT goes live.
Everything comes down to December 8. A successful launch with solid liquidity could give the ADA price the spark it needs. A weak debut, on the other hand, would likely keep the price stuck in the same range a little longer.
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