ADA Tests $0.25 As Midnight Lands First UK Bank Deal

• ADA trades at $0.2541, down 0.20%, pressing into the lower Bollinger Band at $0.2436 with the SAR at $0.2873 overhead.
• Midnight, Cardano’s privacy partner chain, signed a deal with UK bank Monument to tokenize £250M in deposits on a public blockchain for the first time.
• Cardano founder Charles Hoskinson confirmed ADA infrastructure is part of the Monument deal, not just Midnight’s NIGHT token.

Cardano’s partner chain Midnight inked a £250M deposit tokenization deal with UK bank Monument on Wednesday. ADA trades at $0.2541, testing key support, with Hoskinson confirming Cardano components are built into the deal’s infrastructure.

ADA Daily Chart: Bollinger Bands Compressing At A Critical Floor

The daily chart captures six months of sustained selling from $0.85 in October to a low near $0.24 in February. Since then ADA has been consolidating inside a tight range, and the Bollinger Bands have compressed significantly. The middle band at $0.2859 is sloping down, the lower band at $0.2436 is flattening, and price is wedged between them.

Band compression after a prolonged downtrend often precedes a sharp directional move. The SAR at $0.2873 has been overhead and bearish throughout March without flipping. Two historical resistance zones sit far above at $0.50 and $0.70, but neither is relevant until ADA first clears the SAR. The lower band at $0.2436 is the immediate floor. A daily close below it opens a retest of the February lows near $0.22.

Key Levels for Cardano

Cardano Price Holding On To $0.25 As RSI Nears Oversold

The 2h chart shows ADA grinding lower since the March 19 high at $0.2990. The Supertrend at $0.2633 has been sitting above price since March 25, confirming the short-term trend is bearish. Price tested the $0.25 support zone on March 23, bounced to $0.2800, and has since faded back toward that same floor.

The RSI reads 34.79 on the 2h, with the signal line at 36.17. Both are approaching oversold territory without having printed a confirmed bounce yet. When RSI dips this close to 30 on the 2h after a multi-week slide, it tends to mark exhaustion rather than acceleration. A hold above $0.2500 with RSI curling up from here is the setup bulls need. Moreover, the Supertrend flipping back to support requires a close above $0.2633.

Midnight’s Monument Deal And Why ADA Is Part Of It

Midnight signed a deal with Monument Bank to tokenize £250M in customer deposits on a public blockchain, the first UK-regulated bank to do this while keeping deposits FSCS-protected and interest-bearing. Phase two extends to tokenized real-world asset products. Phase three introduces blockchain-based lending against customer investments.

Hoskinson said directly that almost always there is a Cardano component to the infrastructure when deals like this happen. Midnight leads the commercial push but Cardano sits in the infrastructure layer beneath it. The financial upside of Midnight’s success flows back to ADA.

Cardano’s DeFi TVL is $146M against Ethereum’s $76B and Solana’s $8.7B. The Monument deal does not close that gap overnight, but institutional integrations of this kind change how developers and capital allocators assess a chain’s credibility over time.

ADA Derivatives: Longs Dominate But Shorts Are Getting Paid

Futures volume fell 2.52% to $624.75M, OI dropped 1.22% to $400.67M, and options volume collapsed 92.94% to $6.59K. The market has stopped pricing in near-term volatility almost entirely.

The Binance long/short ratio sits at 2.1211, top trader accounts at 2.3944, and top trader positions at 1.3336, all heavily long. Yet 24h liquidations show $898.11K in longs wiped against just $37.57K in shorts. Buyers are there but cannot hold entries. That is not a short-controlled market, it is a market where bulls keep getting caught too early.

What Happens To ADA This Week

ADA is at a decision point most traders will not act on until it resolves. The Bollinger Bands are compressed, RSI is near oversold on the 2h, and the Monument deal gives the ecosystem a fundamental story price has not caught up with yet.

Hold $0.2500, close above the Supertrend at $0.2633, and the path to $0.2859 opens. Clear the SAR at $0.2873 on the daily and $0.30 becomes realistic. Lose $0.2436 on a daily close and the February low at $0.22 is the next stop, with options volume near zero meaning there is no derivatives floor to slow the move.