{"id":24752,"date":"2026-03-31T13:14:18","date_gmt":"2026-03-31T13:14:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-outlook-as-midnight-mainnet-goes-live\/"},"modified":"2026-03-31T13:14:24","modified_gmt":"2026-03-31T13:14:24","slug":"cardano-price-outlook-as-midnight-mainnet-goes-live","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-outlook-as-midnight-mainnet-goes-live\/","title":{"rendered":"Cardano price outlook as Midnight mainnet goes live"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cardano price fell 4% even as its privacy-focused partner chain Midnight successfully completed its mainnet launch.<\/p>\n<div id=\"cn-block-summary-block_eb67db031af10d1ea19dc54927b5a126\" 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 dropped over 4% despite Midnight\u2019s mainnet launch, as a whale offloaded ADA ahead of the event, triggering market pressure.<\/li>\n<li>Bearish technical indicators signal further downside risk, with key support at $0.20 and resistance near $0.28.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Cardano (ADA) price fell over 4% from $0.25 to $0.24 last check on Tuesday, March 31. Zooming out the charts, the token has fallen nearly 9% over the past week and over 30% since the beginning of the year. Cardano\u2019s price dropped today after its privacy-focused side chain, Midnight, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/MidnightNtwrk\/status\/2038618333579214885\" target=\"_blank\" rel=\"nofollow\">went live<\/a> on the mainnet yesterday.<\/p>\n<p>The launch allows Cardano holders to manage confidential transactions and smart contracts with enhanced security. It would also enable institutional-grade privacy infrastructure to be deployed directly on the network.<\/p>\n<p>While Charles Hoskinson, the founder of Cardano, has long lauded Midnight as the ultimate solution to privacy challenges on the Cardano ecosystem, ADA price fell as a whale dumped holdings on the open market.<\/p>\n<p>Notably, the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/PlutusPool\/status\/2038489254540738945?s=20\" target=\"_blank\" rel=\"nofollow\">whale swapped<\/a> 940K ADA tokens for 4.14 million NIGHT tokens just a day ahead of the mainnet launch. The large-scale liquidation drove market panic, which likely resulted in this price drop despite the bullish news for the network.<\/p>\n<p>As such, if more whales rotate into the NIGHT token, it could further intensify selling pressure for ADA in the short term.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">Cardano price analysis<\/h1>\n<p>Technical indicators seem to hint at more downside for the token in the coming sessions.\u00a0<\/p>\n<p>Notably, the Supertrend indicator has turned red as it moves above the current price level. At the same time, the Chaikin Money Flow index showed a negative reading, a sign that capital was exiting the asset in favor of other opportunities.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Cardano price, Supertrend, and MACD chart \u2014 March 31 | Source: crypto.news<\/figcaption><\/figure>\n<p>Additionally, the MACD lines have formed a bearish crossover and have turned downwards, which means bears currently hold the market advantage.<\/p>\n<p>For now, traders would be likely to keep an eye on $0.20, a major psychological support level that must hold to prevent more bearish sentiment from investors.<\/p>\n<p>On the contrary, a sharp rebound above $0.28, the resistance level that aligns with the Supertrend threshold, could spark a rally to its January 6 high of $0.43.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price fell 4% even as its privacy-focused partner chain Midnight successfully completed its mainnet launch. Summary Cardano price dropped over 4% despite Midnight\u2019s mainnet launch, as a whale offloaded&hellip;<\/p>\n","protected":false},"author":1,"featured_media":49,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24752","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\/24752","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=24752"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24752\/revisions"}],"predecessor-version":[{"id":24753,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24752\/revisions\/24753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/49"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}