For weeks, the Cardano (ADA) price has experienced a downturn, but market sentiment appears to be shifting. The price dipped below the critical $0.50 support level and is currently trading near $0.46, marking a decrease of almost 25% within the last month.
However, its MVRV ratio has fallen to -19.7%, a level often indicative of an oversold market where long-term holders are accumulating during the dip.
A significant factor influencing the mood change was Charles Hoskinson's confirmation that Midnight's native token, $NIGHT, will officially launch on December 8. Distribution and trading are slated to commence immediately, and this announcement alone has generated renewed interest in ADA.
This development arrives at a time when the Cardano price structure is showing weakness, making the market particularly attentive to any catalysts that could help stabilize momentum.
Underlying caution persists. Hoskinson noted that the Trump administration's recent pro-crypto stance has disrupted typical market cycles, and ADA has been among the top coins most affected this quarter.
Despite these challenges, Cardano's ecosystem continues to expand, and the Midnight launch has emerged as the new focal point for traders.
#Cardano Founder Reveals Official Launch Date for Midnight’s $NIGHT Token.
— TheCryptoBasic (@thecryptobasic) November 18, 2025
Charles Hoskinson, the founder of Cardano, has announced the official distribution and trading date for NIGHT, the native token of Cardano’s privacy-focused sidechain, Midnight.
Speaking at the Midnight… pic.twitter.com/Tzta9x5Obu
How the $NIGHT Launch Could Impact ADA Price
Midnight introduces a crucial element that Cardano has been lacking: a privacy-focused sidechain with its own dedicated token economy.
Featuring confidential smart contracts, hardware wallet support, and immediate exchange listings, it possesses a strong potential to attract developers and liquidity from beyond the existing Cardano community.
This is where Cardano (ADA) becomes relevant. Activity on Midnight ultimately benefits the main chain, leading to an increase in transactions, fees, and consequently, demand for ADA over time.
Furthermore, privacy tokens often experience rapid price movements when the associated narrative gains traction. If $NIGHT captures significant attention during its launch, Cardano (ADA) could see indirect benefits simply by serving as the underlying base layer.
Liquidity remains the primary unknown factor. While Midnight's team has stated the token will be available on multiple exchanges from day one, the amount of capital that flows in will directly influence how much of the initial hype translates into gains for ADA.
ADA Price Outlook – What Happens Next
The critical resistance level to monitor is $0.50. If ADA can successfully reclaim and sustain this area, the price chart may finally begin to exhibit signs of recovery.
This would pave the way for potential gains towards the mid-$0.50s and possibly beyond $0.60, contingent on the Midnight launch generating substantial interest.
Conversely, if the Cardano price falls below $0.45, the next significant support level is anticipated near $0.30. A breach of this range could put ADA at risk of a more substantial price correction.
For the time being, the market is observing cautiously to gauge the strength of the privacy narrative once $NIGHT becomes operational.
The outcome hinges on December 8. A successful launch accompanied by robust liquidity could provide the ADA price with the impetus it needs. A less impactful debut, however, would likely result in the price remaining within its current trading range for an extended period.