$NIGHT ADA Price Jumps 10% As Hoskinson Praises Cardano Midnight Launch
Cardano’s native cryptocurrency ADA ADA $0.46 24h volatility: 4.5% Market cap: $16.99 B Vol. 24h: $1.45 B has been dominating the broader crypto market rally.
The ADA price is up 10% in the last 24 hours and is currently trading at $0.47. Founder Charles Hoskinson also praised the Cardano Midnight launch, the blockchain’s zero-knowledge privacy network.
ADA Price Stages Strong Breakout for Rally to Continue
Today’s 10% upside in Cardano price comes along with a 150% surge in daily trading volume, to $1.58 billion. This shows that the trader sentiment remains bullish for the rally to continue ahead.
Popular crypto market analyst Captain Faibik has confirmed that ADA price has staged a strong breakout from the descending resistance line. This breakout comes amid strong accumulation in the $0.41-$0.43 range, thereby signaling continued buying interest.
$ADA #Cardano Major trendline Breakout is Confirmed.. ✅
+10% Profit so far in Few hours..🔥 https://t.co/m9qA13uobk pic.twitter.com/hAqoDo0szT
— Captain Faibik 🐺 (@CryptoFaibik) December 9, 2025
As per Captain Faibik’s analysis, the breakout from the descending trend line could unlock another 56% upside from the current levels, to $0.67. This strong breakout from the multi-week resistance has boosted the chances of the ADA price recovery.
Cardano’s 4-hour chart is also displaying a bullish inverse head-and-shoulders formation. Momentum indicators reinforce the constructive outlook.
The MACD line has crossed above the signal line, offering strength for the upward momentum to continue.
A confirmed breakout above the neckline would activate the pattern, with initial upside targets at $0.48 and $0.52, the levels that align with Faibik’s broader bullish projections.
Cardano showing an inverse head and shoulder pattern. | Source: TradingView
The recent contribution of a 70 million ADA treasury allocation by Cardano core contributors could further aid the ADA price $NIGHT
