Cardano [ADA] It has not had a prevalent trend throughout February. It has traded between $0.246 and $0.305 for most of the past month. Brief price declines above or below these local extremes were quickly reversed.
Source: ADA/USDT on TradingView
At the time of writing, ADA was trading at the midpoint between these key S/R levels. Trading volume increased during the volatile weekend.
Gains since February 25 have propelled Cardano back into the top 10 cryptoassets by market capitalization, AMBCrypto reported.
Expelling Bitcoin Cash [BCH] Breaking out of the top 10 was no small feat, but the short-term trend still lacked conviction. The accumulation of short settlement levels at $0.27 has tapered off, as AMBCrypto hinted it might be a week ago.
Examining on-chain metrics shed more light on what Cardano traders and investors could expect next.
Pressure to make profits is a threat
Source: Sentiment
The average coin ages of 90 and 365 days have been trending upward since January. They witnessed a sharp decline in December. At the same time, the idle circulation had also recorded the highest peak in 2025.
The increase in dormant circulation in December highlighted a large number of ADA tokens moving on-chain, which had previously been dormant for a long time.
The drop in the average age of coins showed that tokens of different ages were moving, probably due to the pressure the market was facing at the time.
Over the past two months, the increase in average coin age reflected the accumulation of Cardano across the network. Idle circulation was also quiet, consistent with chain coin movements being relatively quiet.
At the same time, short-term holders were approaching breakeven or making profits. The 30-day MVRV was at -3.65%, meaning that ADA buyers in the last 30 days were facing an average loss of 3.65%.
The last time this metric turned positive, ADA prices reached a double high of $0.426 in early January before trending lower. Meanwhile, the 90-day MVRV values were in negative territory, indicating a despondent sentiment among holders.
Final summary
- Traders and investors would be happy to see the coins’ average age metrics increasing, but remember that the long-term trend has been bearish since September 2025.
- The 30-day MVRV was approaching positive values. The last time it happened in January, a sharp sell-off followed.
