Cardano Price Prediction: Hoskinson Teases Midnight Growth as ADA Battles a Short-Term Selloff

• ADA holds a fragile $0.36 base as short-term sellers dominate rebound attempts.
• Open interest stabilizes near $642M, signaling consolidation over fresh risk-taking.
• Hoskinson highlights Midnight update and dApp support to boost Cardano adoption.

Cardano (ADA) has entered a cautious phase as sellers keep control of the short-term trend. On the 4-hour chart, ADA trades near $0.360 after a sharp rejection from recent range highs. 

The move below key moving averages has left the market searching for stability. Besides the technical weakness, traders are also watching derivatives and on-chain flow signals for signs of a shift.

ADA Price Holds a Fragile Base Near $0.36

ADA continues to print lower highs and lower lows, confirming a short-term downtrend. Consequently, buyers have struggled to build momentum during rebound attempts. The $0.360–$0.358 zone now acts …

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