The Cardano (ADA) price is showing renewed signs of life. While the crypto market has been dominated by Bitcoin in recent weeks, ADA is also capturing attention. A combination of significant exchange outflows, price momentum, and hype around the new Midnight sidechain is restoring confidence in Cardano. But is this a temporary effect or the right time to buy?
Why the ADA Price Is Growing
At the time of writing, Cardano (ADA) is trading around $0.75**, recovering from a weekly low of **$0.7149. Despite a 9% drop over the past seven days, ADA remains 16% higher than a month ago. The most notable development is the massive outflow of ADA from centralized exchanges—over $932 million worth of ADA tokens were withdrawn.
👉 Is Cardano’s Midnight Sidechain the Next Big Thing?
Analysts view this exchange outflow as a bullish signal, often indicating accumulation for long-term holding. A similar pattern preceded ADA’s 2021 all-time high of $3.10.
Technically, ADA shows positive signals:
- The Relative Strength Index (RSI) fluctuates between neutral and buy zones.
- A breakout above $0.75** could confirm bullish momentum, with **$0.84 and eventually $1 as next targets.
Midnight Sidechain & Glacier Airdrop
The recent ADA price surge isn’t just technical—fundamental developments are also driving interest:
Midnight Sidechain Launch:
- A privacy-focused chain using zero-knowledge proofs.
- Enables confidential data processing without sacrificing transparency.
Glacier Airdrop:
- Rewards ADA holders involved in Midnight.
- Governance token NIGHT and transactional token DUST will be distributed.
"Midnight’s launch and the Glacier airdrop reinforce Cardano’s long-term value proposition."
Should You Buy Cardano Now?
Pros:
✅ Strong exchange outflows suggest accumulation.
✅ Technical indicators hint at recovery.
✅ Midnight’s use cases boost ADA’s ecosystem.
Cons:
⚠ Resistance at $0.75 must break convincingly.
⚠ ADA remains vulnerable to Bitcoin’s market sentiment.
For long-term investors, this could be an attractive entry point. Short-term traders should watch the $0.75 level for a breakout.
FAQ
1. Is Cardano (ADA) a good investment in 2025?
Yes, if you believe in its ecosystem. Midnight’s launch and strong fundamentals make ADA a contender, but always assess market trends.
2. What’s driving ADA’s price up?
Exchange outflows, technical recovery, and hype around Midnight’s sidechain.
3. Should I buy ADA now or wait?
Monitor the $0.75** resistance. A breakout could signal further gains, while failure may lead to a retest of **$0.66.
👉 Secure Your ADA Tokens on a Trusted Exchange
Key Takeaways
- $932M outflow from exchanges signals accumulation.
- Midnight sidechain and airdrop boost Cardano’s utility.
- $0.75 breakout** could pave the way to **$1.
Cardano continues to innovate—will you add ADA to your portfolio?