The video discusses Cardano's (ADA) price prediction, noting the start of the Midnight airdrop and its potential impact on the ADA ecosystem. It mentions that the Midnight token will be distributed to investors holding more than $100 worth of BTC, ETH, XRP, SOL, ADA, BNB, AVAX, or BAT, with varying percentages allocated per token. The Glacier Drop, the name for the airdrop claim period, commenced on August 5th. The analysis suggests that creating a new Cardano wallet to participate in the airdrop could boost daily active users and strengthen a bullish ADA price prediction, with millions gaining direct ADA exposure during the redemption phase. A support bounce is anticipated, potentially igniting a rally to $1.25. Trading volumes indicate relevance at this price zone with over $1 billion ADA traded recently. Should the price action surpass the rising wedge pattern, a rally to $1.25 initially and then $2 is foreseeable, presenting a 144% upside potential. However, a break below the current trend line could find strong rebound support at $0.75, potentially trapping bears.