Midnight

Change

Momentum

FIRST

Cardano

<ul>
 <li><strong>Cardano has surpassed 127 million recorded mainnet transactions, although cumulative activity alone cannot establish recent adoption growth.</strong></li>
 <li><strong>DijkstraNet is testing protocol version 12, while Midnight’s Ledger 9 upgrade expands compatibility with established cryptographic standards.</strong></li>
 <li><strong>ADA remains below its major moving averages, with a break beneath nearby support potentially exposing deeper losses.</strong></li>
</ul>
<p>Cardano’s epoch 666, a routine five-day proof-of-stake cycle that attracted attention because of its biblical association, is concluding without a corresponding mainnet upgrade. The network’s more substantive developments involve Dijkstra testing and Midnight’s cryptographic improvements.</p>
<p>Meanwhile, ADA faces a separate challenge. Its daily chart shows a persistent decline from October’s highs, with price approaching an established support zone as momentum remains close to oversold territory.</p>
<h2 id="cardano-s-development-pipeline-moves-beyond-epoch-666">Cardano’s Development Pipeline Moves Beyond Epoch 666</h2>
<p><strong><a href="https://cexplorer.io/epoch/666" rel="noopener noreferrer nofollow">According to Cexplorer,</a></strong> the network has recorded 127,203,164 mainnet transactions since launch.</p>
<p>The figure provides a cumulative measure of blockchain activity, but not a reliable indication of current demand. Establishing whether usage is accelerating would require comparable daily transaction counts, active-address figures and fee data across consistent periods.</p>
<p>Development activity offers a more immediate view of Cardano’s technical direction.</p>
<p>DijkstraNet has transitioned to protocol version 12, making the Dijkstra feature set available for testing and integration, excluding Linear Leios.</p>
<p>Node 11.2, pre-released on October 28, supported the transition, while DB Sync 13.8.0.0 provides updated infrastructure for applications and services that index blockchain data.</p>
<p>For stake-pool operators and developers, the practical significance is an opportunity to test compatibility before broader deployment. Testnet availability does not establish a mainnet activation date.</p>
<p>Linear Leios remains outside the current DijkstraNet feature set, meaning the transition should not be interpreted as delivery of Cardano’s longer-term scaling roadmap.</p>
<h2 id="midnight-adds-tools-familiar-to-ethereum-developers">Midnight Adds Tools Familiar to Ethereum Developers</h2>
<p>Midnight has separately completed its Ledger 8-to-Ledger 9 upgrade, adding native support for ECDSA and Keccak-256.</p>
<p>These capabilities matter because Ethereum-compatible software commonly relies on the same cryptographic primitives.</p>
<p>ECDSA enables verification of signatures produced using supported elliptic-curve schemes, while Keccak-256 supports hashing operations used throughout Ethereum’s application ecosystem.</p>
<p>Their availability could reduce the amount of custom cryptographic implementation required when developers adapt existing tools or verification logic for Midnight.</p>
<p>However, support for these primitives does not automatically establish Ethereum Virtual Machine compatibility, cross-chain asset transfers or interoperability with existing wallets. Those functions require additional protocol and application infrastructure.</p>
<p>The upgrade is therefore best understood as an improvement in developer compatibility rather than evidence of an immediate increase in Cardano mainnet activity.</p>
<h2 id="ada-price-analysis-descending-channel-threatens-support">ADA Price Analysis: Descending Channel Threatens Support</h2>
<p>At the time of writing <strong><a href="https://ethnews.com/buy/cardano/" rel="noopener noreferrer nofollow">Cardano</a></strong> is trading at $0.17747 following a decline from October’s local highs near $0.28.</p>
<figure style="width: 100%" class="wp-caption aligncenter"><img src="https://ethnews.com/wp-content/uploads/2026/11/ADAUSD_2026-11-10_13-34-36-2-1024x798.webp" alt="Cardano (ADA) daily price chart showing a descending channel, Fibonacci retracement levels, moving averages, and RSI on November 10, 2026." width="696" height="542">
 <figcaption>
  Cardano remains in a descending channel as selling pressure pushes RSI toward oversold territory. <strong><a href="https://www.tradingview.com/chart/Ds9qR56x/?symbol=KRAKEN%3AXMRUSD" rel="noopener noreferrer nofollow">Chart by Alexander Zdravkov, TradingView.</a></strong>
 </figcaption>
</figure>
<p>The price action has formed a descending parallel channel, marked by successive lower highs and lower lows. The latest candles remain inside that structure, with sellers retaining control of the intermediate trend.</p>
<p>The moving averages reinforce the weakness, although their ordering reveals a lagging transition rather than a completed bearish alignment.</p>
<p>The 50-day SMA stands at $0.22286, above the 100-day average at $0.21330 and the 200-day average at $0.20616. Despite this ordering, ADA trades beneath all three indicators, suggesting the recent selloff has developed faster than the longer-period averages can adjust.</p>
<p>A continuation of the downtrend could eventually produce bearish moving-average crossovers, but those signals have not yet occurred.</p>
<p>Momentum offers little evidence of an established reversal. The 14-day RSI stands at 32.72, marginally below its signal average of 33.09.</p>
<p>The indicator is approaching the conventional oversold threshold of 30. However, oversold conditions can persist during strong downtrends, and the chart does not show a clearly confirmed bullish RSI divergence.</p>
<h2 id="the-price-levels-that-matter">The Price Levels That Matter</h2>
<p>The chart identifies four horizontal reference levels associated with previous areas of price reaction. These levels provide a framework for assessing potential recovery attempts and further downside.</p>
<div style="width: 100%; max-width: 100%; margin: 24px 0; font-family: Arial,Helvetica,sans-serif; box-sizing: border-box;">
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   Cardano | Technical Reference
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  <div style="font-size: 18px; line-height: 1.35; font-weight: bold; color: #ffffff;">
   ADA Price Levels to Watch
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   Coinbase daily chart | November 10, 2026
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  <table style="width: 100%; border-collapse: collapse; border-spacing: 0; margin: 0; background: #ffffff; font-size: 13px; line-height: 1.5;">
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    <tr style="background: #edf3f5;">
     <th style="width: 38%; padding: 12px 10px; text-align: left; color: #435967; font-size: 11px; font-weight: bold; letter-spacing: .5px; text-transform: uppercase; border-bottom: 1px solid #dbe4e9;" scope="col">Price Level</th>
     <th style="padding: 12px 10px; text-align: left; color: #435967; font-size: 11px; font-weight: bold; letter-spacing: .5px; text-transform: uppercase; border-bottom: 1px solid #dbe4e9;" scope="col">Technical Significance</th>
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    <tr style="background: #ffffff;">
     <td style="padding: 14px 10px; vertical-align: top; border-bottom: 1px solid #e5ebef;"><span style="display: inline-block; font-size: 10px; font-weight: bold; letter-spacing: .3px; color: #a65329; background: #fff0e6; padding: 3px 6px; border-radius: 4px; margin-bottom: 6px;">RESISTANCE</span>
      <div style="font-size: 16px; font-weight: bold; color: #a65329; white-space: nowrap;">
       $0.19340
      </div></td>
     <td style="padding: 14px 10px; vertical-align: middle; border-bottom: 1px solid #e5ebef; color: #344857;">Former trading area now acting as nearby overhead resistance.</td>
    </tr>
    <tr style="background: #f5f9fa;">
     <td style="padding: 14px 10px; vertical-align: top; border-bottom: 1px solid #e5ebef;"><span style="display: inline-block; font-size: 10px; font-weight: bold; letter-spacing: .3px; color: #16775e; background: #e2f5ed; padding: 3px 6px; border-radius: 4px; margin-bottom: 6px;">FIRST SUPPORT</span>
      <div style="font-size: 16px; font-weight: bold; color: #16775e; white-space: nowrap;">
       $0.16921
      </div></td>
     <td style="padding: 14px 10px; vertical-align: middle; border-bottom: 1px solid #e5ebef; color: #344857;">Nearest horizontal support below the current market price.</td>
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    <tr style="background: #ffffff;">
     <td style="padding: 14px 10px; vertical-align: top; border-bottom: 1px solid #e5ebef;"><span style="display: inline-block; font-size: 10px; font-weight: bold; letter-spacing: .3px; color: #2868a3; background: #e8f1fc; padding: 3px 6px; border-radius: 4px; margin-bottom: 6px;">LOWER SUPPORT</span>
      <div style="font-size: 16px; font-weight: bold; color: #2868a3; white-space: nowrap;">
       $0.15480
      </div></td>
     <td style="padding: 14px 10px; vertical-align: middle; border-bottom: 1px solid #e5ebef; color: #344857;">Historical demand area that may become relevant if selling accelerates.</td>
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    <tr style="background: #f5f9fa;">
     <td style="padding: 14px 10px; vertical-align: top;"><span style="display: inline-block; font-size: 10px; font-weight: bold; letter-spacing: .3px; color: #7554a5; background: #f0eafb; padding: 3px 6px; border-radius: 4px; margin-bottom: 6px;">DEEPER SUPPORT</span>
      <div style="font-size: 16px; font-weight: bold; color: #7554a5; white-space: nowrap;">
       $0.13839
      </div></td>
     <td style="padding: 14px 10px; vertical-align: middle; color: #344857;">Lower reference from the earlier trading range if the correction extends.</td>
    </tr>
   </tbody>
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</div>
<p>A sustained move above the descending channel’s upper boundary would be the first indication that sellers are losing control. Confirmation would require buyers to defend the breakout on a subsequent retest rather than allowing price to fall back inside the channel.</p>
<p>The longer-term moving averages remain an additional obstacle, particularly the 200-day SMA near $0.20616.</p>
<p>On the downside, a daily close beneath the nearest horizontal support would weaken the current trading range and increase the probability of another test of lower demand areas.</p>
<p>The channel’s lower boundary provides a separate, downward-sloping reference. Its exact value changes over time and should not be treated as identical to any fixed horizontal level.</p>
<p>A breakdown accompanied by expanding selling volume would carry greater technical weight than a brief intraday move beneath support.</p>
<h2 id="what-would-change-ada-s-bearish-outlook">What Would Change ADA’s Bearish Outlook?</h2>
<p>The current chart presents two different confirmation tests.</p>
<p>For buyers, the priority is to interrupt the sequence of lower highs and establish a higher low outside the descending channel. An RSI recovery above 50 would strengthen the momentum picture, although it is not necessary for an initial rebound.</p>
<p>For sellers, a decisive loss of support would reinforce the existing trend, particularly if followed by a failed attempt to reclaim the broken level.</p>
<p>Neither outcome can be assigned a reliable probability from the available chart alone. The screenshot does not provide sufficient volume or derivatives-positioning data to establish whether the decline is approaching exhaustion.</p>
<p>Cardano’s development releases offer separate milestones, but they do not establish a direct catalyst for ADA’s price recovery.</p>
<p>For traders, the immediate evidence remains in the market structure: a confirmed breakout would require sustained buying above resistance, while failure to defend support would leave the descending trend intact.</p>
<p>The post <a href="https://ethnews.com/cardano-concludes-epoch-666-as-ada-tests-critical-0-17-support/" rel="noopener noreferrer nofollow">Cardano Concludes Epoch 666 as ADA Tests Critical $0.17 Support</a> appeared first on <a href="https://ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Cardano Concludes Epoch 666 as ADA Tests Critical $0.17 Support

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