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Midnight (midnight.vip)

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TOLY’S DOG

<h3 class="wp-block-heading" id="h-key-insights"><strong>Key Insights:</strong></h3>
<ul>
 <li>Cardano price eyes rally as ADA Open Interest soars 6%, indicating investors’ renewed confidence in the asset.</li>
 <li>Analyst eyes $3 as the next ADA price target based on historical patterns using Jesse Livermore’s Accumulation Cylinder.</li>
 <li>Crypto trader celebrates Cardano for finally doing privacy the right way.</li>
</ul>
<p>Cardano (ADA) price is seeing a fresh wave of optimism among traders. Over the past 24 hours,&nbsp; Cardano open interest (OI) surged 6% as the ADA price retested the $0.5 level.</p>
<p>Analysts raise optimistic price outlook for ADA, potentially reaching $3.</p>
<h2 class="wp-block-heading" id="h-cardano-price-eyes-rally-as-open-interest-hits-1-7b-ada"><strong>Cardano Price Eyes Rally as Open Interest Hits 1.7B ADA</strong></h2>
<p>According to <a href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank" rel="noopener noreferrer nofollow">CoinGlass</a> data, Cardano bulls have pumped over 1.7 billion ADA into the asset’s derivatives market in the last 24 hours. The data shows that the ADA open interest volume has surged by 6% during this period.</p>
<p>In fiat terms, the 1.7 billion ADA translates to $707.5 million committed in <a href="https://www.thecoinrepublic.com/2025/02/21/cardano-open-interest-returns-to-new-high-is-ada-selloff-over/" rel="noopener noreferrer nofollow">open interest</a>. In the crypto market, a spike suggests heightened confidence amid expectations of an ADA price rebound.</p>
<p>However, the Cardano price continues to slide as sellers defend every pullback. Within the past 24 hours, the ADA price has dropped slightly by 0.2% to trade at $0.42.</p>
<p>Notwithstanding, ADA is eyeing a retest at $0.5, fueled by renewed interest across the Cardano community. The rise in open interest indicates that the market will resume activity, potentially leading to a recovery in ADA price.</p>
<p>On November 3, 2025, the total <a href="https://www.thecoinrepublic.com/2025/11/03/cardano-price-eyes-0-65-rebound-as-open-interest-jumps-5/" rel="noopener noreferrer nofollow">ADA OI increased by 5% across top exchanges</a> to $622.69. This surge led analysts to forecast that ADA could rally towards $0.65 at the time.</p>
<p>As long as the bulls prevail in the current cycle, the extra supply of liquidity could support additional gains.</p>
<p>However, there can be a massive price fall if sentiments change. This is because of the considerable number of open positions that may be forced to close off quickly by traders.</p>
<h2 class="wp-block-heading" id="h-analyst-eye-3-as-the-next-cardano-price-target"><strong>Analyst Eye $3 as the Next Cardano Price Target</strong></h2>
<p>Analyzing the current Cardano price, crypto analyst Wolf of Crypto on X said the asset is following Jesse Livermore’s Accumulation Cylinder.</p>
<p>The analyst posted a TradingView ADA chart that overlays a historical diagram of Jesse Livermore’s Accumulation Cylinder.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized">
  <img loading="lazy" width="598" height="579" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-1002.png" alt="Cardano Price Analysis | Source: Wolf of Crypto" style="width: 100%;height:auto">
  <figcaption>
   Cardano Price Analysis | Source: Wolf of Crypto
  </figcaption>
 </figure>
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<p>The analyst interprets the recent price drop as the final shakeout (point 7). This sets up an explosive markup phase (points 8–12), projecting a rally toward $3 by 2026, mirroring historical bull cycles.</p>
<p>The quick reversal and strong bounce off recent lows is seen as confirmation that accumulation is over and the markup phase is starting.</p>
<p>Wolf of Crypto noted that Cardano price is now entering the explosive markup phase and should see a massive vertical rally. The analyst said most people will miss it because they panicked at the exact bottom.</p>
<h2 class="wp-block-heading" id="h-is-ada-doing-privacy-right"><strong>Is ADA Doing Privacy Right?</strong></h2>
<p>Crypto trader Hardy on X gave a shoutout to Cardano for finally tackling blockchain privacy through the Midnight Protocol.</p>
<p>He explained in an X post that Midnight is Cardano’s purpose-built privacy partner chain. The blockchain is powered by advanced zero-knowledge cryptography to deliver compliant, scalable confidentiality on-chain.</p>
<p>Hardy also shared a short video interview where Cardano founder Charles Hoskinson shared details about the Midnight Roadmap.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="598" height="688" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/11/image-1001.png" alt="Cardano Privacy Profile | Source: Hardy">
  <figcaption>
   Cardano Privacy Profile | Source: Hardy
  </figcaption>
 </figure>
</div>
<p>Hoskinson explained that the first generation of privacy systems included Zerocoin, Zcash, and Monero. He, however, highlighted a challenge that these systems are not programmable.</p>
<p>Recognizing the need to have private smart contracts, Cardano introduced the Midnight privacy network this year.</p>
<p><a href="https://www.thecoinrepublic.com/2024/10/02/cardano-midnight-testnet-live-heres-all-you-need-to-know/" rel="noopener noreferrer nofollow">Midnight went live on testnet</a> in October 2024, aiming to merge privacy with regulatory compliance on the Cardano network.</p>
<p>It is focused on organizations and developers that are interested in upholding the blockchain’s transparency.</p>
<p>While Midnight awaits its mainnet launch, Hoskinson recently <a href="https://www.thecoinrepublic.com/2025/11/15/cardano-news-charles-hoskinson-shills-midnight-network-to-coinbase-ceo/" rel="noopener noreferrer nofollow">promoted the network to Coinbase CEO</a> Brian Armstrong.</p>
<p>This comes after Midnight partnered with Blockdaemon to simplify privacy-smart contract deployment for enterprises.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/11/26/cardano-open-interest-rockets-6-as-ada-price-eyes-0-5-retest/" rel="noopener noreferrer nofollow">Cardano Open Interest Rockets 6% as ADA Price Eyes $0.5 Retest</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Cardano Open Interest Rockets 6% as ADA Price Eyes $0.5 Retest

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