Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch

Cardano price remains in a deep bear market, continuing a sell-off that started in December last year when it peaked at $1.3245. It was trading at $0.3565, down by ~73% from its December peak, and its lowest point since November last year. Still, the ADA price may be on the cusp of a bullish breakout as it has gotten oversold and its network metrics are improving.