Cardano Price Prediction: ADA Tests $0.25 As Midnight Lands First UK Bank Deal
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Cardano adoption milestone: Midnight partner chain signed with UK bank Monument to tokenize £250M of deposits on a public blockchain; Charles Hoskinson confirmed ADA infrastructure (not just NIGHT token) is built into the deal. Market/technical snapshot: ADA trades at $0.2541 (-0.20%), pressing the lower Bollinger Band at $0.2436 with SAR at $0.2873; price fell from $0.85 in Oct to ~ $0.24 in Feb and shows compressed Bollinger Bands at a critical floor. Implication: The Monument tokenization deal strengthens Cardano infrastructure adoption and credibility for crypto/DeFi tokenization and fundraising, but near-term downside risk remains until technical support holds.
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- ADA trades at $0.2541, down 0.20%, pressing into the lower Bollinger Band at $0.2436 with the SAR at $0.2873 overhead.
- Midnight, Cardano’s privacy partner chain, signed a deal with UK bank Monument to tokenize £250M in deposits on a public blockchain for the first time.
- Cardano founder Charles Hoskinson confirmed ADA infrastructure is part of the Monument deal, not just Midnight’s NIGHT token.
Cardano’s partner chain Midnight inked a £250M deposit tokenization deal with UK bank Monument on Wednesday. ADA trades at $0.2541, testing key support, with Hoskinson confirming Cardano components are built into the deal’s infrastructure.
ADA Daily Chart: Bollinger Bands Compressing At A Critical Floor
The daily chart captures six months of sustained selling from $0.85 in October to a low near $0.24 in February. Since then…
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