🚀 Latest developments in Cardano: Can ADA break through the $1 barrier in September?
In recent months, the price trend of Cardano (ADA) has shown a bullish stance 📈, but caution is warranted regarding potential profit-taking risks ⚠️, which may temporarily hinder price increases. According to the average coin age (MCA) data, accumulation of tokens across the network is quietly occurring, which means that holders are gradually hoarding coins in preparation for the next price rise 💪.
📊 Recent market overview
As of August 25, Cardano's price has shown fluctuations in the short term. In the past three days, Bitcoin (#BTC ) fell from $117,000 to $111,500, a drop of 4.6%, which also put pressure on the altcoin market 💥. During the same period, Cardano's market cap dropped by 6.67%, with prices falling from $0.93 to $0.86.
Source: ADA/USDT on TradingView
Nonetheless, from the daily price chart, Cardano still maintains a bullish structure 📈. High trading volume in August also indicates that the market remains active 🔥.
💡 Key resistance levels and potential upward targets
On August 14, ADA tested the psychological resistance level of $1 but failed to break through. This also means that the opportunity for the next price increase is still pending. If it successfully breaks through $1, based on the Fibonacci extension line, $1.2 will become the next potential target 📌.
In the short term, Cardano is at a critical crossroads; whether the price can break through the psychological barrier will directly affect market sentiment.
🔗 On-chain indicator interpretation
Cardano has always had active development activities, which reflects its technological strength 🏗️. To date, ADA's development activity score remains as high as 80.86, far exceeding Ethereum (ETH)'s 25.05.
Source: Santiment
However, the decline in trading activity remains a potential concern for long-term investors. Over the past year, on-chain trading volume has seen two significant declines:
November 2024
April 2025
Recent trading volume has decreased by 90% compared to last November's level 😮, which may indicate a short-term weakening of some activity.
It is worth noting that the daily active address count for the entire year of 2025 remains stable 📊, indicating that the core community is still operating healthily.
It is worth noting that the daily active address count for the entire year of 2025 remains stable 📊, indicating that the core community is still operating healthily.
🐾 Holder behavior and MVRV
The bullish structure of Cardano and the challenge of the $1 resistance level suggest that many holders may take profits 💰. The 180-day MVRV indicator shows that holders do have a profit-taking pressure, but so far, this threat has not materialized.
📈 Signs of token accumulation: Average Coin Age (MCA)
MCA is used to track the average holding time of tokens on the network ⌛. Generally, a downward trend indicates that tokens are circulating or trading, while a slow rise suggests that holders are accumulating tokens.
Since May of this year, Cardano's tokens have shown a distribution trend, but in the past two weeks, the MCA has started to rise slowly 📈, indicating that tokens on the network are quietly being hoarded, possibly in preparation for the next price increase 💎.
🔮 Summary
#ADA Recently maintained a bullish trend, with prices close to the psychological resistance of $1
If it breaks through $1, the next target may reach $1.2
On-chain indicators show development activity, #MVRV indicating that profit-taking pressure has not yet materialized.
The average coin age is rising, suggesting that holders are accumulating, indicating potential for future price increases.
Overall, Cardano is expected to face a new round of challenges in September 💥. Holders and investors should pay attention to key resistance levels and changes in on-chain data, and prepare their strategic layout 📝.
