Cardano Eyes $1 Resistance Again as On-Chain Accumulation Builds - Crypto Data Space
ADA Builds Momentum: $1 Breakout in Sight Cardano [ADA] is once again approaching the key $1 psychological barrier, even as the broader crypto market faces pressure. Bitcoin [BTC], which dropped 4.6% from...

ADA Builds Momentum: $1 Breakout in Sight
Cardano [ADA] is once again approaching the key $1 psychological barrier, even as the broader crypto market faces pressure. Bitcoin [BTC], which dropped 4.6% from $117,000 to $111,500 over the last three days, set the tone for most altcoins — including ADA, which fell 6.67% in the same period, from $0.93 to $0.86.
Despite this pullback, ADA’s daily price chart remains structurally bullish. The trading volume throughout August has been relatively elevated, signaling sustained market interest. Earlier this month, ADA tested the $1 resistance but failed to break through. If a renewed push is successful, Fibonacci extension levels suggest a move toward $1.20 could follow.

On-Chain Metrics Send Mixed Signals
Cardano’s development activity, historically among the highest in the crypto space, has declined in 2025 — though it still outpaces major competitors. At the time of writing, ADA’s dev score stood at 80.86, compared to Ethereum’s 25.05. While still healthy, the downward trend may raise concerns for long-term investors.

More worrying is the 90% drop in on-chain transaction volume since November 2024, pointing to reduced network usage. However, daily active addresses have remained consistent throughout 2025, offering a degree of reassurance.
Accumulation Patterns Strengthen

Other metrics hint at ongoing accumulation. The 180-day MVRV ratio remains high, indicating that many holders are currently in profit — yet significant profit-taking has not been observed. Dormant circulation remains low, and the Mean Coin Age (MCA) has started to rise after a months-long downtrend. This shift suggests that ADA holders are increasingly accumulating rather than distributing.
With ADA holding key technical levels and accumulation picking up, the next move toward or above $1 could be decisive.

Cardano Eyes $1 Resistance Again as On-Chain Accumulation Builds
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