The post Will The Midnight Glacier Cross-Chain Airdrop Pump The Cardano (ADA) Price? Analysts Aren’t So Sure appeared on BitcoinEthereumNews.com.

The Cardano blockchain is dominating experts’ speculations, and this time, it is due to its Midnight upgrade, which introduces privacy and cross-chain compatibility. In a 2025 consensus, Cardano founder Charles Hoskinson revealed details of this upcoming rollout and the massive Glacier airdrop, drawing great interest in the process. While this development fuels Cardano’s fundamentals, several technical indicators suggest a muted effect on the ADA price. This analysis examines Cardano’s price action and why a PayFiupstart could be key to navigating its rapid volatility.  Cardano adopts an inclusive approach with surging network activity  The Glacier Drop plans to distribute governance (NIGHT) and transaction (DUST) tokens to users across leading networks like Ripple, Ethereum, Solana, and Bitcoin. Unlike most launches that reward insiders and early investors, this drop is entirely retail-focused and is arranged for over 37 million wallets. If successfully deployed, this rollout can expand Cardano’s developer base, fueling larger inflows and increased network activity.  Source: Santiment Already, the Cardano ecosystem has been showing impressive growth in 2025, with roughly 255,000 new wallets popping up this year alone, as per Santiment. This consistent growth in new wallets hints at expanding user adoption and potentially more utility for Cardano’s blockchain, even as the ADA price loses sentiment.  Cardano’s technical analysis raises red flags with a triple top pattern Chart analysts have spotted something concerning in ADA’s price action, which could impede its potential rally amid signs of growth. The cryptocurrency has formed a “triple top” pattern, generally considered a bearish reversal signal. This formation shows up as three consecutive peaks hitting roughly the same price ceiling. Source: Base Case D on X  In the case of Cardano, it means buyers are running out of steam and sellers are gradually taking control of the market.  During the formation of the second resistance peak,…

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Filed under: News - @ May 18, 2025 8:27 pm