Cardano Soars Ahead of Midnight Launch, Is ADA Price Ready to Break IDR 5,000?

Jakarta, Pintu News – The price of Cardano (ADA) has stolen the spotlight of the crypto market again after recording a gain of about 5% in the last 24 hours. Currently, ADA is trading at around $0.275 or around Rp4,665, showing positive sentiment from cryptocurrency investors.

This rise comes amid anticipation of the Midnight mainnet launch as well as important regulatory decisions through the Crypto Clarity Act. The combination of technical and fundamental factors makes ADA’s price movement one to watch right now.

Cardano Momentum Strengthens Ahead of Midnight Mainnet

Cardano (ADA) price managed to recover from its intraday low in the range of $0.258-$0.260 or around Rp4,376-Rp4,410. This recovery occurred as the overall crypto market rose by around 1.35%. Meanwhile, Bitcoin (BTC) also strengthened by around 1.43% to the level of $71,600 or equivalent to Rp1.21 billion. This condition shows that the general cryptocurrency market sentiment is in a positive phase.

The launch of the Midnight mainnet was the main catalyst driving investor optimism. The project was developed as a zero-knowledge-based sidechain focused on privacy and decentralized applications. Cardano Founder Charles Hoskinson confirmed that the launch will take place before the end of March. This raises expectations that the Cardano ecosystem will further develop technologically.

Also read: Circle could reach $75 billion valuation by 2030? This is Bitwise’s CIO’s prediction

Crypto regulations factor into market sentiment

In addition to technical factors, the market is also awaiting a decision regarding the Crypto Clarity Act scheduled for April 3. This regulation aims to provide legal certainty to cryptocurrency assets and stablecoins. Proponents believe it will increase investor confidence in the crypto industry. However, the legislative process was delayed previously due to the cancellation of discussions in January.

The United States Senate is now resuming discussion of the legislation. Senator Cynthia Lummis stated that the banking committee will review the proposal in April. Meanwhile, Senator Bernie Moreno is pushing for a decision to be finalized before May.

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Technical Analysis: ADA’s Chance to Break Rp5,000?

Technically, the price movement of Cardano (ADA) shows a bullish trend in the short term. The four-hour chart shows an ascending channel pattern indicating further upside potential. If the price is able to break the level of $0.28 or around Rp4,749, then the opportunity to go to $0.30 or Rp5,089 is increasingly open. Analysts project a potential upside of up to 10% if momentum is maintained.

The Relative Strength Index (RSI) indicator is at 64, signaling increased buying pressure but has not yet entered the overbought area. In addition, the MACD indicator is showing a bullish crossover signal with a positive histogram. This combination of indicators reinforces the possibility of an upward trend in the short term. As such, many crypto market participants are optimistic about the potential breakout of the ADA price.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Cardano Price Outlook Ahead of Midnight Mainnet Launch And Clarity Act Decision. Accessed March 27, 2026
• Featured Image: U Today