Cardano Price Crashed 27% in February; Network Activity Slumps
Cardano has been steadily declining, down 27% since the beginning of this month. Altcoin is now trading at multiple month lows, and bearish pressure continues to weigh on its price action.
Investor confidence has weakened, and the participation of the entire network has decreased as the ADA strives to restore momentum.
ADA investors are retreating
Cardano Network Active addresses have fallen to a three-month low of 25,600. This is the lowest level recorded since November 2024, reflecting a decline in investor participation. The lack of bullish momentum has forced investors to retreat, limiting chain activity and reducing trading volume.
Trends have remained consistent since November 2024, with less participants interacting with the Internet. This decline indicates a weaker demand, which may further Contributing to ADA’s struggles.
Prior to the mood shift, Cardano prices may continue to face downward pressure.
Despite the continued decline, Cardano’s average coin age has been increasing since the beginning of the year. This metric track keeps coins in the wallet without being moved.
The rise in average coin age suggests that long-term holders (LTHS) are accumulating or holding their ADA instead of selling.
This behavior for Cardano’s Recovery. If LTHs keep their position, they can provide stability and prevent excessive sales pressure. Their continued confidence in the long-term potential of ADA may help limit further losses and support a potential price rebound in the near future.
Cardano Price Forecast: Bounce Support
Cardano’s price has fallen This month, up 27% and is currently at $0.70. This level is also a key support area for ADA. If Altcoin fails to hold this support, further losses may be caused, thereby enhancing bearish momentum.
Rests below $0.70 may send Cardano to $0.62. This will also invalidate the slope drop pattern, as the ADA will slide below the lower trend line formed by bullishness. Such a move can amplify investors’ losses and make recovery more difficult.
However, if long-term holders continue to support the assets, Ada can rebound Pay $0.70 for support. The transfer toward $0.77 will help restore confidence. If this resistance is tilted, the bearish outlook will be invalidated and it is possible to start to a broader recovery.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
