Cardano Price Stagnates as NIGHT Token Rallies 20%

Cardano (ADA) fell 1.54% to $0.247 over 24 hours, while the NIGHT token from Midnight surged over 20%. The divergence follows softer U.S. inflation data, which reduced expectations for further Federal Reserve interest rate hikes. Despite the rally in NIGHT, ADA's recovery remains uncertain due to declining futures exposure and weak technical indicators.