Cardano (ADA) Daily Market Analysis 23 February 2026

Cardano at a crossroads – strong fundamentals clash with bearish technicals: • Midnight privacy chain mainnet launch targeted for late March 2026, backed by Google • Major 2026 upgrades include March hard fork, Ouroboros Leios scaling, and LayerZero bridge • Native USDC launch and institutional moves like CME futures signal growing adoption • Price down 7%+ with bearish patterns, yet community sentiment remains 90% positive • Key catalysts: Midnight launch, ETF filings, and protocol upgrades could trigger re-rating