Cardano was a steady decline, falling 27% from the beginning of the month. Altcoin is currently trading at a multi -month minimum, with bear pressure, which continues to attract its price action.
Investors’ confidence was weakened, which led to a reduction in the network, since ADA is struggling to restore the impulse.
Ada -investors retreat
Active addresses of the Cardano network fell to a three -month minimum of 25,600. This is the lowest level, registered in November 2024, reflecting a decrease in interaction with investors. The absence of a bull impulse forced the investors to retreat, limiting activity in the chain and reducing the volume of the transaction.
Since November 2024, this trend has been consistent, and fewer participants interact with the network. This decrease signals the weakening of demand, which can further contribute to the ADA struggle.
Until mood shifts occur, the price of a cardan can continue to resist the descending pressure.
Despite the ongoing decline, the average age of the Cardano medium coin continues to grow since the beginning of the year. This indicator tracks how long coins remain in wallets without being moved.
Restoration of the middle age of the coin suggests that long -term owners (LTH) accumulate or hold on to their ADA, and not sell.
This behavior is crucial for the restoration of Cardano. If LTH maintain their positions, they can provide stability and prevent excessive sales pressure. Their constant confidence in the long -term potential of ADA can help limit further losses and confirm the potential restoration of prices in the near future.
Cardano Pricing Forecast: Bowing from Support
The price of Cardano fell by 27% this month, currently bargaining by 0.70 dollars. This level is also an important support zone for ADA. If Altcoin cannot hold this support, further losses can follow, enhancing the bear’s pulse.
A break below $ 0.70 can send a cardan to 0.62 dollars. It also deprives the cancellation of the scheme of the falling wedge, since the ADA slides below the lower line of the bull of the bull formation. Such a step can increase the losses of investors, which complicates the recovery.
However, if long -term owners continue to support the asset, the ADA can bounced from support of 0.70 US dollars. Movement in the direction of $ 0.77 will help restore confidence. If this resistance is included in support, it will annul the bearish views and potentially signal the beginning of a wider recovery.
