{"id":18193,"date":"2025-12-17T15:48:54","date_gmt":"2025-12-17T15:48:54","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-forms-bullish-divergence-as-night-token-demand-jumps\/"},"modified":"2025-12-17T15:49:00","modified_gmt":"2025-12-17T15:49:00","slug":"cardano-price-forms-bullish-divergence-as-night-token-demand-jumps","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-forms-bullish-divergence-as-night-token-demand-jumps\/","title":{"rendered":"Cardano price forms bullish divergence as NIGHT token demand jumps"},"content":{"rendered":"
\n

Cardano price dropped to a crucial support level, continuing a downward trend that started in August when it was trading at $1.01.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Cardano price dropped to a crucial support level.<\/li>\n
  • The NIGHT token demand continues to grow, with its 4-hour volume reaching $1.7 billion.<\/li>\n
  • Cardano is working on the Pentad proposal that will address key issues.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Cardano (ADA) token dropped to a low of $0.3836, bringing its market capitalization to $13.8 billion.<\/p>\n

    The token dropped despite having some important bullish catalysts, including the ongoing growth of Midnight (NIGHT), the recently launched security-focused network.<\/p>\n

    Data compiled by CMC shows that NIGHT is seeing strong demand from investors. Its 24-hour volume jumped by 23% to $1.69 billion, making it one of the most traded assets in the crypto industry. Its market capitalization has jumped to over $1.1 billion.<\/p>\n

    Cardano hopes that Midnight will become a major player in the security industry, where it will be able to handle sensitive data with a dual-state architecture. This means that it will separate public and private data, while still allowing controlled disclosures to auditors.<\/p>\n

    <\/p>\n

    Cardano price has also dropped despite having some notable events, including the recently announced partnership with Pyth Network, the fifth biggest oracle network.\u00a0<\/p>\n

    This partnership means that it will now be possible for Cardano to attract developers as they now have access to quality off-chain data.\u00a0<\/p>\n

    Most importantly, the integration is part of a recently announced Pentad proposal that will see key organs in Cardano spend 70 million ADA tokens in 2026.\u00a0<\/p>\n

    In addition to adding quality oracle networks to Cardano, Pentad also hopes to\u00a0 bring quality stablecoins, custody solutions, cross-chain bridges, and on-chain analytics projects onboard.<\/p>\n

    Cardano price technical analysis points to an eventual rebound\u00a0<\/h2>\n
    ADA price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily timeframe chart shows that ADA price has been in a downward trend in the past few months, moving from the year-to-date high of $1.0150 in August to the current $0.40.<\/p>\n

    The token has already moved below the lower side of the inverted cup-and-handle pattern at $0.51130. It also remains below the 50-day and 100-day Exponential Moving Averages.<\/p>\n

    However, there are signs that the token has bottomed. It has formed a small double-bottom pattern at $0.3780 and a neckline at $0.4800. A double-bottom is one of the most common bullish reversal signs in technical analysis.<\/p>\n

    Also, the token has formed a bullish divergence pattern as the MACD and the Relative Strength Index have continued moving upwards. Therefore, a rebound may see the token rally to the key resistance level at $0.50. A drop below that support will point to more downside.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Cardano price dropped to a crucial support level, continuing a downward trend that started in August when it was trading at $1.01. Summary Cardano price dropped to a crucial support…<\/p>\n","protected":false},"author":1,"featured_media":1640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18193","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\/18193","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=18193"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18193\/revisions"}],"predecessor-version":[{"id":18194,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18193\/revisions\/18194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1640"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}