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Ahmed Barakat
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ADA is trading at $0.1715, down about 3% after rallying by 7% the previous day, just before the Midnight bridge hack. The timing could hardly be worse. The exploit has handed Cardano bears a fresh price prediction, leaving us wondering how much further sentiment can weaken before buyers return.
BlockSec’s Phalcon monitoring flagged an exploit on the Wanchain Cardano-to-BNB Chain bridge that drained about 515 million NIGHT tokens, worth $9 million. Investigators linked the attack to a signed message encoding flaw in the TreasuryCheck validator that enabled signature reuse. As a result, unauthorized withdrawals emptied most of the bridge treasury.
NIGHT plunged more than 30%, briefly hitting a record low near $0.015 before stabilizing. The stolen tokens represented the bridge’s reserves rather than user wallets, and Midnight said its core blockchain and validators remained unaffected. Still, that distinction did little to calm traders as selling pressure spread across exchanges.
Bridge exploits rarely stay confined to one token. With Midnight viewed as an important project within the Cardano ecosystem, confidence quickly spilled into ADA. Yesterday’s rally vanished as traders rushed to reduce risk, leaving ADA under pressure even though the exploit targeted third-party bridge infrastructure instead of Cardano itself.
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Cardano Price Prediction: Can ADA Reclaim $0.20 This Week?
ADA is trading near $0.1715, keeping it in the lower half of its recent range. Support remains around $0.16, while the $0.18 to $0.20 zone continues to reject rallies. The seven-day recovery has faded after the Midnight Bridge hack, leaving momentum fragile instead of convincing.
The technical structure still points to consolidation rather than a confirmed reversal. Many traders continue watching the $0.18 to $0.20 area as the key decision zone. A strong close above that range could open the door to $0.25, while another rejection may send ADA back toward $0.16.
The best case depends on improving market sentiment and a credible recovery plan from the Midnight team. If confidence returns and ADA reclaims $0.20 with strong volume, buyers could target $0.25. That would also help restore confidence across the Cardano ecosystem.
The base case remains a period of sideways trading between $0.16 and $0.20 as traders assess the exploit’s impact. However, if sentiment worsens and ADA loses $0.16, sellers could quickly push the price toward $0.15 or lower.
Bridge exploits remain one of crypto’s biggest security risks, and this incident is another reminder. As Cardano expands its sidechain ecosystem, security will remain a top priority. Until confidence fully returns, ADA rallies may continue running into selling pressure.
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LiquidChain Targets Early Infrastructure Upside as Cardano Tests Key Levels
The Midnight exploit cuts to a structural problem that predates Cardano: fragmented liquidity across chains creates both security attack surfaces and execution inefficiency. Traders rotating out of ADA exposure, or simply reassessing ecosystem risk, are scanning for infrastructure plays where the thesis doesn’t hinge on a single bridge’s validator code holding up.
LiquidChain is a Layer 3 infrastructure project built around a Unified Liquidity Layer that fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The architecture is designed around Deploy-Once access, so developers write once and reach all three ecosystems.
Liquid is also equipped with Verifiable Settlement and Single-Step Execution as core primitives. As of today, the presale has raised $915K at a current price of $0.01482 per $LIQUID.
The cross-chain problem LiquidChain is targeting is demonstrably unsolved, as today’s exploit underlines. Research LiquidChain here before the raise closes.
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