{"id":17861,"date":"2025-12-12T15:18:57","date_gmt":"2025-12-12T15:18:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-forms-risky-patterns-despite-pyth-oracle-integration\/"},"modified":"2025-12-12T15:19:06","modified_gmt":"2025-12-12T15:19:06","slug":"cardano-price-forms-risky-patterns-despite-pyth-oracle-integration","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-forms-risky-patterns-despite-pyth-oracle-integration\/","title":{"rendered":"Cardano price forms risky patterns despite Pyth oracle integration"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cardano\u2019s price remained in a bear market after plunging by nearly 60% from its highest point in September, despite several announcements.<\/p>\n<div id=\"cn-block-summary-block_5a4325f73d9218fa575bf2222dc6d618\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Cardano price has slumped by nearly 60% from its August highs.<\/li>\n<li>It recently announced a partnership with Pyth Network, a top oracle platform.<\/li>\n<li>The token has formed bearish patterns, indicating further downside.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Cardano integrates with Pyth Network after Midnight launch<\/h2>\n<p>Cardano (ADA) token dropped to $0.4255 today, Dec. 12, even after the network received its first major oracle partnership. In a statement, Cardano said that it had integrated with Pyth Network, one of the biggest oracles in the crypto industry.\u00a0<\/p>\n<p>Pyth Network (PYTH) secures nearly 300 protocols and has a total value secured or TVS of $4.62 billion. Some of the top protocols it secures are Jupiter, Kamino, Drift, NAVI Lending, and Avantis.\u00a0<\/p>\n<p>This integration is important for Cardano, a layer-1 network that has struggled to attract developers over the years. One reason for this is that it has had no mainstream oracle provider.<\/p>\n<p>Oracles are essential in the crypto industry as they help to bring off-chain data like price feeds on-chain. With Pyth Network, Cardano developers will now be able to access price feeds of key assets like stocks, cryptocurrencies, commodities, forex, and ETFs.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Therefore, Cardano may begin to gain market share in sectors such as decentralized finance and real-world asset tokenization.<\/p>\n<p>The Pyth integration is also important, as partnerships with blue-chip oracle providers is one of the main objectives of the recent withdrawal of 70 million ADA tokens from the treasury. The other four pillars are stablecoin integrations, cross-chain bridges, institutional custody, and analytics and pricing tools.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The first priority for Cardano&#8217;s newly formed Critical Integrations workstream?<\/p>\n<p>Pyth Pro.<\/p>\n<p>Better data, better price, better experience. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/1puGXdlcut\">https:\/\/t.co\/1puGXdlcut<\/a><\/p>\n<p>\u2014 Pyth Network \ud83d\udd2e (@PythNetwork) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/PythNetwork\/status\/1999211143555088506?ref_src=twsrc%5Etfw\" target=\"_blank\">December 11, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The Pyth integration came in the same week that Cardano launched the Midnight mainnet and the NIGHT token, which has gained a market capitalization of over $823 million. Many Cardano holders who participated in the Glacier airdrop and the scavenger mine have already started claiming their NIGHT tokens.<\/p>\n<h2 class=\"wp-block-heading\">Cardano price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ADA price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that ADA price has been in a steep downtrend in the past few months. It recently dropped below the support level at $0.5080, the lower side of the inverted cup-and-handle pattern.<\/p>\n<p>The token has also formed a bearish flag pattern, consisting of a vertical line and a horizontal channel. It remains below the 50-day and 100-day Exponential Moving Averages.<\/p>\n<p>Therefore, the most likely Cardano price forecast is bearish, with the next key target being at $0.30. This view will be confirmed when it drops below this month\u2019s low of $0.3738.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s price remained in a bear market after plunging by nearly 60% from its highest point in September, despite several announcements. Summary Cardano price has slumped by nearly 60% from&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17861"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17861\/revisions"}],"predecessor-version":[{"id":17862,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17861\/revisions\/17862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7732"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}