Midnight Token tests key support level, 30,000 holders defend the 5-cent line

LiquiditySurfer · 2026-01-22T12:20:09+00:00

The privacy token Midnight under Cardano has recently faced pressure, with its price repeatedly testing the support level near $0.0588, and a nearly 5% decline over 24 hours. Despite the market weakness, the number of holders has exceeded 30,000, indicating ongoing market interest. If it can stabilize around $0.05, it may form support and point to a long-term target of $0.10.

LiquiditySurfer

2026-01-22 12:20:09

Abstract generation in progress

【Crypto World】Cardano’s privacy token Midnight has recently been under pressure. The token repeatedly tests the critical support level near $0.0588, with a 24-hour decline of nearly 5%. Since its launch in early 2026, the price has been generally trending downward, and the gains from the initial airdrop have almost been wiped out.

Although it has already been listed on a leading futures exchange and several mainstream platforms, the overall market weakness still drags down the performance of this token. Interestingly, just over a month since its launch, the number of holders has already exceeded 30,000, indicating that market enthusiasm is still alive.

From a technical perspective, market participants have noted that the support above the $0.05 level appears quite solid. Analysts believe that if the token can stabilize around $0.05, it may form a clear support confirmation. Once confirmed, the long-term target points to $0.10. For a project still in its early stages, this is considered a quite positive signal.

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