The Cardano (ADA) price action offered no relief to holders as the price continued to fall under a massive bearish trendline.
The Cardano price action has been quite dull as of late, with ADA currently trading near long-term lows at $0.328. It is down over 1.86% since its daily opening and has suffered a 15% loss in the last 30 days.
With ADA prices now down a total of 89.6% from its September 2021 all-time high of $3.15, many ADA holders are sitting on a loss.
The Cardano price is currently back to oscillating near its January 2021 price levels, and there is considerable movement in the market.
Over 25 billion ADA moved
The bearish price action that Cardano followed seemed to put some old coins back in circulation. Age consumed metric for ADA presented that after the Nov. 7 crash, a considerable amount of old coins have been on the move.
On Nov. 16, over 25 billion ADA were moved, while…
