Cardano Price Alert: Midnight’s ’New ADA’ Launch Sparks Sell-Off Fears – Here’s the Real Risk

Cardano's ecosystem braces for impact as the 'New ADA' Midnight rollout triggers market jitters. Traders eye exits—but is this panic justified or just crypto's usual drama?

The Midnight Effect: Innovation or Instability?

Charles Hoskinson's latest brainchild hits mainnet, promising privacy-smart contracts. Yet ADA's price action suggests investors see disruption—not progress.

Whale Watch: Big Moves Before the Storm

Chainalysis flags unusual ADA accumulation in cold wallets. Either smart money's positioning—or sharks smell blood in the water.

The Institutional Paradox

While retail panics, Grayscale's Cardano Trust premiums hold steady. Wall Street's playing a longer game than your average Telegram group.

Another day, another 'revolutionary' launch that somehow always ends with bagholders. At least the blockchain doesn't charge therapy fees.

Still, ADA remains vulnerable to broader market headwinds. The token is down 8% on the week, lagging behind other altcoins as geopolitical tensions escalate in the Israel-Iran conflict.

Cardano Price Prediction: Is a Sell-Off Avoidable?

The sell-off risk stems from the daily chart, with a recent bear candle closing below the lower Bollinger Band—a typical sign of short-term overselling.

However, with the cardano bouncing from the lower support of a 6-month descending triangle around $0.51 to reclaim the band, it could be a sign of seller exhaustion rather than a prevailing downtrend.

Momentum indicators lean toward a bullish case. The RSI has sharply reversed after dipping below the oversold threshold at 30, indicating that buyers are stepping in.

More so, the MACD line is on the verge of a golden cross, preparing to overtake the signal line on the daily timeframe—an early sign of an emerging uptrend.

If the crossover unfolds, it could solidify the event as a “Bollinger Band buy” reversal signal, setting ADA on the breakout path NEAR the 0.618 Fibonacci level at $0.647.

A decisive MOVE above this level could break the multi-month pattern, setting sights on a technical target 170% higher around the $2.618 Fibonacci extension at $1.4285.

Still, this bullish outlook hinges on clearing the median resistance of the Bollinger Bands—the 20-day SMA—which currently caps upward momentum and reflects prevailing bearish pressure.

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