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Cardano’s Price Recovery May Be Unlikely Anytime Soon – Here’s Why!
By Akashnath S
June 23, 2025
The recent market downturn has left many investors in a precarious position. Amidst this chaos, Cardano (ADA) bulls have been eerily quiet since the start of May. Unfortunately, any potential price recovery for ADA may be an elusive goal in the near future.
Upon analyzing the data, it becomes clear that the current bearish sentiment is unlikely to dissipate anytime soon. A significant drop in development activity has raised concerns among long-term investors, who are likely reeling from the recent market fluctuations. Unfortunately, this trend must reverse before any sort of recovery can be considered viable.
The 90-day MVRV ratio has been positive for nearly two months now, indicating that holders of ADA purchased over 90 days ago are currently in profit. This could potentially lead to a rapid exit at break-even or slight profit points by these holders. Any attempt to bounce back would thus meet selling pressure from these profit-takers.
Furthermore, the mean coin age is trending downwards, suggesting widespread distribution among network users. A reversal of this trend is crucial for any potential recovery.
Source: ambcrypto.com
