$ADA The price of Cardano (ADA) is currently retesting the multi-year trend line support that has been in place since 2020, hovering around $0.41. Over the past week, on-chain data shows that long-term holders have sold more than 114.66 million ADA, with the "spent token age" metric rising by 23%, indicating that older coins are accelerating their circulation, which typically represents seasoned investors choosing to exit.

This is the first time in over four years that ADA has reached this key trend line. Historically, this support often becomes a significant reversal point, but this test occurs against a backdrop of overall market weakness and declining trading volume. The volume distribution shows that the price is approaching the strong liquidity area around $0.30, indicating that if the current support is lost, the likelihood of a drop to lower ranges increases.