Cardano Retests $1 Milestone While 1 Billion Midnight Token Claims Create On-Chain Activity Explosion

Cardano’s bullish momentum is surging as the 10th-largest cryptocurrency retests the key $1 level before a brief pullback.

Calling out this development, market analyst Leandrocrypto stated, “ADA touched the psychological mark before pulling back to $0.98, still up +16% in 24h with strong buying pressure.”

Amid this bullish momentum, Cardano has been holding a key trendline as acknowledged by Leandrocrypto.

Over recent weeks, ADA has repeatedly bounced off its trendline support, signaling strong buyer interest. This consistent trendline points to bullish sentiment, with traders eyeing potential sharp upward moves as momentum builds.

Therefore, ADA’s unwavering respect for its bullish trendline and its steady accumulation pattern point toward a strong possibility of soaring past the psychological price of $1.

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Nearly 1B NIGHT Tokens Claimed

Midnight Network’s Glacier Drop airdrop has seen over 1B NIGHT tokens claimed in its first week, sparking record on-chain activity and advancing its privacy-focused vision on Cardano.

Therefore, this development triggered a surge in Cardano on-chain activity, with a strong community response signaling growing engagement and setting the stage for wider adoption of the Midnight Network.

The Midnight airdrop is part of a massive 24 billion NIGHT token rollout, with 12 billion NIGHT tokens reserved for Cardano holders and the rest allocated to BTC, ETH, XRP, SOL, and other cryptocurrencies.