ADA Price Dips 2.6% Amid Midnight Sidechain Launch and Surging Cardano Trading Volumes

Cardano (ADAUSDT) experienced a 2.60% price decline over the past 24 hours, with the current price at 0.3404 on Binance, opening at 0.3495. This downward movement follows a period of increased volatility and heavy trading volume, as market participants responded to recent positive developments such as the launch of Cardano's Midnight sidechain and announcements of new infrastructure including bridge integration, Tier-1 oracles, and stablecoin features. Despite heightened development activity and rising trading volumes on decentralized exchanges, technical factors—such as ADA testing critical support levels and broader market caution—have contributed to the recent price pullback. Cardano maintains a market capitalization above $12 billion, ranking 10th among cryptocurrencies, with a circulating supply of approximately 35.94 billion ADA and significant 24-hour trading volume reported at $47.09 million on Binance.