Cardano to Launch Midnight Sidechain as ADA Signals Bullish Technical Divergence

Intersect, the entity coordinating development updates, has confirmed that the Midnight sidechain launch will take place this week, marking a significant milestone for the Cardano ecosystem. This major upgrade is designed to enhance network capabilities and serves as a primary fundamental catalyst for the project. Furthermore, the release of Node 10.7.0 has been identified as a critical step toward the upcoming 'Van Rossem' hard fork, which is now officially linked to Protocol version 11. On the technical side, the ADA chart is exhibiting a 12-hour bullish divergence for the second time in just three weeks. Cardano (ADA) is currently consolidating near the $0.26 level, with analysts eyeing a potential 20% price recovery as network milestones converge. The alignment of these specific technical upgrades and positive price action signals a sustained bullish outlook for the asset.

Fontes:beincrypto.comcryptonews.comcoinpaper.comcryptonews.comthecoinrepublic.commexc.comcoinmarketcap.comainvest.combitcoinist.com