🚨 Cardano On-Chain Shock: Dormant ADA Suddenly Moves
Cardano has been crushed in the recent crash ADA now trades below $0.20 for the first time since 2021, while sentiment weakens with ecosystem stress and key projects shutting down.
But on-chain data is flashing something unusual.
Santiment reports that long-dormant ADA wallets coins untouched for months or even years have suddenly started moving.
📊 Key signals: • Mean Dollar Invested Age stopped rising after weeks → long-term holders finally shifting
• Age Consumed spiked multiple times, with the biggest surge since April on June 9
• Massive movement of old ADA suggests inactivity has broken
At the same time, ADA’s weekly RSI has dropped to its lowest level ever recorded (~25), deeper than previous major cycle bottoms.
⚠️ Interpretation: This could signal early capitulation — or simply long-term holders exiting after exhaustion. Either way, the market structure is changing beneath the surface.
ADA is at a critical zone where: • $0.16 acts as key support
• $0.20–$0.22 is first recovery range
Bottom line: Dormant supply is waking up but whether this leads to reversal or further panic still depends on what comes next for Cardano’s ecosystem.
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