Cardano Price Prediction: Hoskinson Teases Midnight Growth as ADA Battles a Short-Term Selloff

• ADA holds a fragile $0.36 base as short-term sellers dominate rebound attempts.
• Open interest stabilizes near $642M, signaling consolidation over fresh risk-taking.
• Hoskinson highlights Midnight update and dApp support to boost Cardano adoption.

Cardano (ADA) has entered a cautious phase as sellers keep control of the short-term trend. On the 4-hour chart, ADA trades near $0.360 after a sharp rejection from recent range highs. 

The move below key moving averages has left the market searching for stability. Besides the technical weakness, traders are also watching derivatives and on-chain flow signals for signs of a shift.

ADA Price Holds a Fragile Base Near $0.36

ADA continues to print lower highs and lower lows, confirming a short-term downtrend. Consequently, buyers have struggled to build momentum during rebound attempts. The $0.360–$0.358 zone now acts as immediate support and a key battle area. If price breaks below this base, selling pressure could increase quickly.

Additionally, the next support sits near $0.3546, which aligns with a key Fibonacci level. A deeper drop could test the $0.350–$0.348 breakdown zone, which traders view as a high-risk area. If that level fails, ADA could slide toward $0.3289, a critical line for this broader swing structure.

ADA needs stronger closes above resistance to improve the trend. The first upside cap sits between $0.370 and $0.374, where short-term moving averages may attract sellers. Moreover, the $0.380–$0.383 region remains the main barrier that keeps bears in control.

A push above $0.388–$0.390 would change the structure and weaken bearish pressure. However, the larger resistance band between $0.405 and $0.410 still stands as a key rejection zone. Bulls likely need a clean reclaim of that range to signal a broader reversal.

Open Interest, Spot Flows, and Hoskinson’s Next Focus

Cardano’s open interest shows a full leverage cycle, moving from buildup to expansion, then cooling off. OI surged above $1 billion during the rally phase, then declined as ADA pulled back. Significantly, OI has stabilized near $642 million, which suggests consolidation instead of fresh risk-taking.

Spot flows have stayed mostly negative, with regular outflows reflecting distribution pressure. However, outflows have eased recently and inflows appear more often. The latest netflow reading turned slightly positive near $260.7K, hinting at mild accumulation.

Meanwhile, Charles Hoskinson has pointed to major ecosystem updates, including Midnight, a privacy-focused blockchain. Additionally, he has emphasized improving usability and expanding Cardano’s real-world reach. He has also discussed supporting top Cardano dApps through stronger exchange access and growth programs, which could help strengthen long-term adoption.

Technical Outlook For Cardano Price

Key levels remain clearly defined for Cardano as ADA consolidates near $0.36 after a sharp pullback. The short-term structure still favors sellers, with price holding below key moving averages and printing lower highs. However, ADA is also sitting on an important base, meaning the next breakout or breakdown could set the tone for the coming sessions.

• Upside levels: $0.370–$0.374 stands as the first hurdle, followed by $0.380–$0.383 as the main resistance cluster. A stronger breakout could push ADA toward $0.388–$0.390, and then $0.405–$0.410 if momentum returns.

• Downside levels: $0.360–$0.358 is the immediate support zone. If buyers fail to defend it, ADA could slide toward $0.3546, then $0.350–$0.348. A deeper breakdown would expose $0.3289 as the key “line in the sand” level.

Will Cardano Go Up?

ADA’s next move depends on whether bulls can hold $0.358 and reclaim $0.383. A close above $0.390 would weaken the bearish setup. If support breaks, downside pressure could accelerate fast. For now, ADA remains in a pivotal zone where confirmation will decide direction.