What's up, family! 👋 If you thought the market was going to let us have a quiet dinner before Christmas, Cardano just said "excuse me" and took a dive that has everyone checking their wallets. 📉

Things are heating up: ADA fell by 2.4% in the last 24 hours, but what really hurts is that we have already accumulated a -44% in the quarter. Almost half of the value has evaporated in three months! 😱 We're not here to throw drama, but to understand why the Cardano chart looks like an endless slide and what this means for your wallet.

🛡️ The Wall that Fell

Technically, ADA just broke a sacred zone: $0.35 - $0.38. To understand me, that was the "floor" where buyers always stepped up, but this time the floor turned out to be cardboard. By losing that level, we entered what experts call "territory below fair value."

If we don't recover $0.38 soon, the selling algorithms are going to go crazy and the next destination could be the annual low of $0.27. Watch out! 🕵️‍♂️

🌑 Is the Midnight Airdrop the Villain?

This is where things get interesting (and confusing). The new privacy token, NIGHT (from the Midnight network), landed with incredible force, moving crazy volumes (more than 85 million ADA in just 5 days! 🤯).

But there is a "jealousy" problem in the ecosystem:

  • The Confusion: Many thought that NIGHT was coming to replace ADA or compete with it.

  • The Reality: Charles Hoskinson has already stated that Midnight is like a "privacy module" for Cardano.

  • The Impact: The problem is that many people sold their ADA to jump into the shine of NIGHT, which is already worth about $1,250 million. It's as if everyone went to the new party and left the old house alone. 🏃💨

📊 "Fear" rules the Street

To top it off, the general sentiment is one of "Fear" (27 on the index). Capital is moving to safety (Bitcoin), which already dominates almost 60% of the market. Cardano, with low liquidity right now, feels every blow twice as hard as the others. 🥊

In summary: We are in a moment of "cleaning." While Midnight's technology and updates like Ouroboros Leios promise a bright future for 2026, the current price is giving us a slap of reality.

Is this the time to "buy the panic" or are we simply watching how Cardano loses relevance against the speed of other projects? The answer lies with the support at $0.35; if it breaks today, hold on tight. $ADA