Charles Hoskinson announces Midnight Mainnet for March – NIGHT tests new heights

Charles Hoskinson, the founder of Cardano, made a series of groundbreaking announcements at Consensus 2026 that have the potential to transform the blockchain landscape. The highlight is the upcoming mainnet launch of the privacy chain Midnight, scheduled for the last week of March. This announcement has immediate market implications: the NIGHT token experienced noticeable price movements on Thursday, testing the $0.06 mark, supported by rising institutional demand.

Recent news is also reflected in market data. Open interest in NIGHT futures has increased by over 4% in the past 24 hours to $31.72 million, indicating that professional investors are closely watching the upcoming launch.

Strategic Partnerships with Global Tech Giants

In his keynote, Charles Hoskinson revealed extensive strategic alliances that position Midnight strongly. The Cardano founder explicitly announced partnerships with leading technology companies. “Google is one of our partners, as is Telegram,” Hoskinson stated, signaling the trust of established market leaders in the project.

Midnight was designed as a partner chain to Cardano, leveraging Zero-Knowledge Proofs (ZK-Proofs) as its technological foundation. This technology allows decentralized applications to meet regulatory requirements while protecting user data — a crucial advantage in an increasingly regulated environment. Additionally, Hoskinson announced the integration of LayerZero on the Cardano blockchain to address the growing institutional demand for on-chain solutions for traditional financial assets.

These developments emphasize that Midnight is not just another privacy project but a comprehensive solution for the convergence of decentralized technology and regulatory compliance.

Technical Analysis: Recovery Under Resistance Pressure

Despite fundamental optimism, caution is warranted regarding price increases. While chart patterns suggest a potential turning point — with the formation of a higher low on the 4-hour chart indicating a possible bottom — bulls face significant hurdles.

The 50-period exponential moving average (EMA) at $0.0502 acts as an immediate ceiling, limiting further gains for now. A sustained breakout above this dynamic resistance would be necessary to free the supply zone between $0.0551 and $0.0558, where the 200-EMA at $0.0568 also resides.

Technical indicators support the recovery scenario: the Relative Strength Index (RSI) has broken above the midpoint at 51, indicating increasing buying pressure. The MACD has crossed bullishly above its signal line, although both lines remain in negative territory.

Caution is advised if the price drops below Wednesday’s low at $0.0472. Such a decline would invalidate the recovery scenario and shift focus to lower support levels — notably at $0.0446 (January 31 low) and $0.0413 (February 5 low).

Conclusion: Fundamental Strength Meets Technical Challenges

With his announcements, Charles Hoskinson has raised the bar significantly for Midnight. The strategic partnerships and the imminent mainnet launch provide a strong fundamental foundation. However, technical analysis shows that NIGHT must first overcome short-term resistance levels to fully realize this potential. Investors should closely monitor both the Cardano founder’s announcements and the chart signals to optimize their positioning.