• Cardano’s price remains in consolidation, moving within a narrow band as sentiment in the market weakens.
• Midnight Foundation sponsors Cardano Fund 15 with USDM to bolster privacy-first blockchain creation.
• Analysts predict ADA to reach $10, being driven by adoption, smart contracts, and community support.

Cardano (ADA) is currently in a consolidation phase, trading sideways within a relatively narrow range with the overall market. The ADA price has declined by 1.22% over the last 24 hours and 12.88% over the last week.

ADA is currently trading at $0.7684, with a market capitalization that decreased 1.26% to $27.52 billion. The trading volume has also decreased 45.24% to $555.14 million, compared to the previous day, reflecting decreasing investor optimism in the market.

Source: CoinMarketCap

The general trend in the crypto market has also turned bearish with the BTC’s downward momentum and increasing volatility. The overall market is impacted by this movement, including altcoins like ADA.

Midnight Backs Cardano Fund 15 With USDM

According to the crypto analyst Mintern, Midnight Foundation (@midnightfdn) donated USDM to the Project Catalyst Fund 15, a valuable step in Cardano’s quest for privacy-focused innovation.

The move gives a boost to Catalyst, the open funding program of the network. In supporting privacy-first builders, Midnight reinforces its mission of enabling secure, compliant, and confidential applications.

Privacy remains blockchain’s biggest challenge, and public ledgers publish data by default. Midnight’s help holds promise for privacy-focused dApps, from hidden finance to trustworthy voting. With Fund 15 under way, the question is clear: could this be the moment Cardano becomes the leader of privacy-first innovation on blockchain?

Also Read: Cardano ADA Enters Institutional Spotlight as Reliance Allocates to $120M Treasury

Cardano (ADA) Eyes $10 as Market Confidence Grows

Moreover, the crypto analyst, Crypto Patel, revealed that many laughed at Cardano (ADA) when it traded below $0.02, and it was dismissed as simply one of numerous coins in a crowded marketplace. Today, Cardano has developed as a major blockchain platform with smart contracts, DeFi apps, and a healthy community of developers. Its rise is a reflection of how quickly sentiment can reverse in crypto.

Source: X

Now, long-time enthusiasts predict ADA to hit $10 if the ongoing bull run be maintained and the overall sentiment for the markets remain healthy and bullish. Even if such bright predictions are hypothetical, they are testaments of growing optimism for the adoption and tech of Cardano.

ADA Community Reveals Strong Bullish Confidence

Data from CoinMarketCap shows that the community sentiment is strongly bullish, with 88% of participants supporting direction change to positive. This clear majority indicates a perception on the part of most participants that the probable direction of the market is higher. Such confidence might be an indication of bright price gains and overall market performance expectations.

Source: CoinMarketCap

On the flip side, 12% of respondents are bearish, which means there is apprehension for potential downtrends. Even if it’s a low percentage, it means there are investors who still anticipate risk or downtrends. Their perception also serves as a warning for potential changes in the market despite optimism being high.

Also Read: Cardano (ADA) Price Outlook: Can It Reclaim Its $3.10 ATH Before 2026?