Cardano (ADA) Sees Increased Activity, But Price Remains Flat

Recently, previously inactive Cardano (ADA) coins were moved, coinciding with a surge in daily active addresses and increased trading activity.

Despite this, ADA’s price remained relatively unchanged over the past 24 hours, hinting that the coin movement might not indicate a bullish trend.

According to data from Santiment, ADA’s age consumed—a metric that tracks the movement of long-held coins—spiked to a seven-day high of 6.33 billion on Friday.

This is significant because long-term holders usually move their coins infrequently, and such movements can often signal upcoming market shifts.

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Alongside the rise in age consumed, the number of active addresses trading ADA also increased. Santiment reports that 54,200 addresses were involved in transactions, marking the highest single-day activity since March 6.

However, while a rise in active addresses typically suggests a positive trend, the subsequent decline in ADA’s price following the age consumed spike indicates that a local peak may have been reached, suggesting a potential further decline for the coin.

Alexander Stefanov