Cardano ($ADA ) has fallen by 27% since the beginning of the month and is currently trading at a multi-month low. Let's see if the token can overcome bearish pressure and turn upward.
The token is under pressure due to a decline in trading activity; however, long-term holders still believe in the potential of ADA.
The number of active addresses in the Cardano network has decreased to 25,600 — the lowest level since November 2024. The price drop has led to reduced user activity and transaction volumes.
However, the average age of Cardano coins has been increasing since the beginning of the year. This metric reflects how long tokens remain in wallets without movement. It indicates that long-term investors are not in a hurry to sell ADA but continue to accumulate and hold the token.
Such behavior will help stabilize the price of Cardano. If the strategy of long-term holders does not change, selling pressure may weaken. The confidence of major players in the long-term potential of ADA will limit the decline and support price growth in the near future.#BinanceAlphaAlert #ADA #ADA.每日智能策略 #ADA.智能策略库🥇🥇
