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Cardano price dips as NIGHT token surges 20% amid US inflation easing and market shifts

Market News
30 Sep 2026
Coingape
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Neutral
Cardano price dips as NIGHT token surges 20% amid US inflation easing and market shifts

Cardano's price fell 1.54% to $0.247 while the NIGHT token surged over 20%, driven by an 84% rise in trading volume. This divergence follows softer US inflation data, which lowered expectations for further Federal Reserve rate hikes. Despite NIGHT's strong rally, Cardano's recovery remains uncertain due to declining futures open interest and subdued technical indicators. The key resistance for Cardano stands at $0.250, with a breakout potentially pushing the price toward $0.270 or higher, while support lies near $0.230.

While the article highlights a 1.54% drop in Cardano's price, on Pluang ADA is up 1.07% at Rp4.450 as of Sep 30, 2026 23:23 WIB, contrasting with NIGHT's strong 17.28% gain to Rp664. NIGHT's 24-hour volume of Rp1,45T is much smaller than ADA's Rp9,77T, yet NIGHT's market cap of Rp10,96T is significantly lower than ADA's Rp161,54T. This shows NIGHT's rapid price movement despite its smaller market presence and shorter typical hold time of 10 days compared to ADA's 126 days.

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