Cardano Price Prediction: Analysts Track $0.64 Recovery As Midnight Project Fuels Privacy DeFi Buzz

• Cardano price today holds $0.64 after repeated defenses of the $0.61–$0.63 trendline, signaling structural stability.
• On-chain data shows $1.48 million in net inflows, marking early signs of renewed engagement following weeks of outflows.
• Hoskinson’s push for the Midnight privacy platform positions ADA as a frontrunner in privacy DeFi and next-cycle innovation.

Cardano price today trades near $0.64, edging higher after defending its key long-term ascending trendline. The token continues to consolidate within a broad symmetrical triangle, while renewed optimism around the Midnight privacy smart contract platform is driving speculative momentum among ADA holders.

Cardano Price Rebounds From Structural Support

Cardano’s daily chart shows a sharp defense of the $0.61–$0.63 support area, where price aligns with its year-long ascending base. Despite repeated rejections from the descending resistance near $0.80–$0.82, ADA has continued to respect its structural higher-low pattern.

The Supertrend indicator remains bearish at $0.80, with EMA clusters at $0.72, $0.78, and $0.79 capping short-term rallies. However, the 200-day EMA at $0.76 is flattening, indicating waning downside momentum. RSI readings have recovered slightly from oversold zones, signaling early signs of renewed buying pressure.

Analysts note that ADA’s wedge compression is approaching its apex, suggesting a potential breakout phase in late October or early November. A daily close above $0.70 would confirm a trend reversal, while losing $0.61 could expose the next support at $0.55.

Midnight Push Rekindles Fundamental Momentum

Cardano’s founder Charles Hoskinson has reignited attention on the network’s next major initiative, Midnight, positioning it as the world’s largest privacy-focused smart contract platform by 2026. Hoskinson said the development pace is becoming “more aggressive every single week,” underlining a strategic move toward private DeFi and data protection.

The announcement quickly spread across crypto circles, with community commentators framing Midnight as a potential breakthrough that differentiates Cardano from mainstream L1 competitors. If realized, it could bring new developer inflows and higher on-chain activity, both key for network value capture.

Traders view the update as an important narrative pivot. After months of stagnation, ADA now has a fresh catalyst that blends regulatory-safe privacy solutions with Cardano’s existing governance framework, strengthening long-term fundamentals.

On-Chain Data Shows Modest Net Inflows

Exchange data from Coinglass highlights a $1.48 million net inflow on October 19 — modest but noteworthy after weeks of consistent outflows. The flow shift reflects growing market engagement following the Midnight news, even as overall volumes remain subdued compared to early September.

For ADA price action, sustained positive flows above $10 million per day would signal true accumulation. Current metrics indicate neutral sentiment, with traders selectively reentering positions near support.

Historically, Cardano’s net inflow spikes have preceded volatility expansions, suggesting that another uptick could accompany a breakout from the current compression structure.

Technical Outlook For Cardano Price

Cardano price prediction for the short term hinges on maintaining the $0.61 support.

• Upside levels: $0.70, $0.76, and $0.80 if breakout follows through.
  
• Downside levels: $0.61, $0.55, and $0.50 as critical support zones.
  
• EMA structure: Flattening around $0.76 suggests potential shift toward bullish crossover by month-end.

The wedge pattern remains the dominant formation, with each contraction phase reducing volatility. A breakout above $0.76–$0.78 would confirm renewed momentum toward the $0.82 and $0.90 levels. Failure to hold $0.61 would invalidate this setup and reopen the path to deeper consolidation.

Outlook: Will Cardano Go Up?

Cardano’s near-term outlook is cautiously optimistic. Technicals show a tightening structure with RSI recovery and easing selling pressure. The renewed focus on Midnight adds a strong narrative driver, one that could reaccelerate developer and investor interest heading into the final quarter of 2025.

As long as ADA holds above $0.61, analysts expect price stabilization within the $0.64–$0.70 band before any decisive breakout attempt. A sustained move above $0.76 would strengthen the bullish case toward $0.82–$0.90, while losing $0.61 would delay recovery and shift attention back to $0.55.

For now, Cardano remains in a quiet accumulation phase — technically compressed, fundamentally stronger, and awaiting confirmation that the next breakout will align with its growing privacy-driven ecosystem narrative.