ADA Token Surges 3.53% as Cardano Development and Midnight Protocol Fuel Market Momentum

ADAUSDT experienced a 3.53% price increase over the past 24 hours, currently trading at $0.4306. The uptick is primarily attributed to heightened market optimism surrounding Cardano’s ongoing development activities and the upcoming launch of the Midnight protocol, as well as the recent listing of the Midnight network's NIGHT token on Binance, which prompted increased trading activity and contributed to the price momentum. Technical indicators such as the SuperTrend buy signal and recent breakouts above key resistance levels have further supported short-term bullish sentiment, though analysts remain cautious about sustaining these gains. Cardano’s 24-hour trading volume rose significantly to over $609 million, with notable intraday price volatility and a market capitalization of approximately $15.54 billion, reflecting elevated interest and activity in the asset.