Cardano is back in the headlines after its privacy-focused sidechain, Midnight, secured a listing on Binance for its native token, NIGHT. The listing gained attention because NIGHT was featured on Binance Alpha’s front page and came with airdrop perks for eligible users. The move coincides with renewed momentum for ADA.
As per the Coingecko data, the token has risen nearly +10% over the past week and is trading around $0.4325.
Binance Wallet confirmed that Binance Alpha listed NIGHT on December 9. Binance added that supporting the token aligns with its goal of promoting “rational privacy,” a core principle behind Midnight’s design.
Binance Alpha will be the first platform to feature Midnight (NIGHT) on December 9.
Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon.
Please stay tuned to Binance’s official… pic.twitter.com/CXWKNhHW6D
— Binance Wallet (@BinanceWallet) December 8, 2025
The project aims to provide users with private transactions while still meeting regulatory standards that many older privacy networks struggle with.
Midnight operates as a hybrid model, offering confidentiality without compromising compliance. This approach sets it apart from traditional privacy-focused chains. Interest in Midnight’s launch has spread across major exchanges. Bybit, OKX, Bitpanda, MEXC, and Gate.io all confirmed plans to list NIGHT.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Has Cardano (ADA) Entered a Strong Trend Reversal After Breakout?
Crypto analyst Ali Martinez noted on X that the increasing supply of Cardano (ADA) entering circulation is putting downward pressure on its price, pointing to potential short-term weakness for the network’s native token.
More Cardano $ADA is entering circulation, adding downward pressure on price. pic.twitter.com/5bm7DZROFf
— Ali (@ali_charts) December 9, 2025
Meanwhile, Cardano’s ADA broke through a key downtrend this week. The move has sparked renewed optimism among traders after months of declining prices.
The move came shortly after crypto analyst Captain Faibik reported a confirmed breakout on X, noting, “$ADA #Cardano Major trendline Breakout is Confirmed.. +10% Profit so far in a few hours..”
Cardano (ADA) is showing signs of a potential trend reversal on the 4-hour chart.
DISCOVER: 9+ Best Memecoin to Buy in 2025
The price has broken above a long-standing descending trendline that has kept the market under pressure since early October.
The breakout candle is strong and clean, signaling solid buying interest. ADA moved sharply from the $0.43–$0.44 range and is now trading above a level that had repeatedly blocked upward attempts in recent weeks.
The chart also highlights a shift in momentum. After a stretch of lower highs and lower lows, ADA formed a rounded bottom pattern through late November and early December.
This breakout confirms that buyers have gained control for the first time in two months.
Volume is rising around the breakout, adding credibility to the move and suggesting that the upward push has underlying strength.
The chart indicates a potential upside near $0.70, suggesting a 56% gain from the breakout if bullish momentum persists.
ADA is showing its strongest reversal signal since mid-year, with traders closely watching for consistent closes above the trendline to confirm a broader trend change.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
The post Cardano Price Prediction: Is ADA Breakout Signaling a Strong Reversal Amid NIGHT Token Buzz? appeared first on 99Bitcoins.
Other Articles
Coinbase Drives a New Institutional Milestone With PNC Bitcoin Access
Bitcoin Mining Costs Hit $138K as Miners Shift Toward AI Compute
No Comment! Be the first one.