Cardano price slowly forms a bullish pattern as the Midnight launch nears

Cardano's price has successfully reclaimed the $0.34 high-time-frame support, leading to an impulsive rally that has seen the price hold at the $0.38 order block support, confirming a bullish retest. This development suggests a potential continuation of upward momentum for the cryptocurrency.

Germany's DZ Bank has obtained a MiCA license for its 'meinKrypto' platform, enabling retail access to cryptocurrencies including Bitcoin, Ether, Litecoin, and Cardano through cooperative banks. This move marks a significant step in the bank's commitment to integrating digital assets into its services.

Monero's price has surged to new multi-month highs, trading around $690, reflecting a strong market interest in privacy-focused cryptocurrencies. This rally marks an 8% increase on the day, indicating a bullish market structure despite potential leverage-driven volatility.

Bitcoin long-term holders are exhibiting early signs of capitulation as a key on-chain metric has fallen below a critical threshold, indicating increased selling pressure in the market. This trend suggests that long-term investors may be losing confidence in the asset's price stability.