CARDANO WAKES UP! š¢ ADA PUMPS 7% ā IS THE "GHOST CHAIN" BACK FROM THE DEAD?
Cardano ($ADA), often dismissed as a "ghost chain," has posted a surprise 7% gain today, outperforming both Bitcoin and Ethereum. The pump stems from a combination of technical oversold conditions and aggressive predictions for the "Midnight" privacy protocol.
Technically, $ADA bounced off a critical oversold zone at $0.35, triggering algorithmic buying. Fundamentally, the market is starting to price in the Midnight partner chain, which aims to bring regulatory-compliant privacy to the ecosystem. The pump is also being fueled by a rotation out of high-risk memes into older L1 "dino-coins" during market uncertainty.
If ADA sustains this move, it could signal a broader "Altcoin Season" rotation. It also puts privacy back on the narrative map, challenging the idea that privacy-focused protocols are dead due to regulation.
Cardano must break the $0.43 resistance level to confirm a true trend reversal. Investors are also awaiting concrete launch dates for the Midnight protocol and rumors regarding a potential US ETF filing.
While skeptics call this a "dead cat bounce," the $ADA Army believes 2026 is finally their year.
Is Charles Hoskinson right about 2026, or is this just another trap for ADA holders?
#Cardano #ADA #CharlesHoskinson #Altseason
