ADA Price Eyes $0.92 Breakout as Short-Term Sellers Retreat
The post ADA Price Eyes $0.92 Breakout as Short-Term Sellers Retreat appeared on BitcoinEthereumNews.com.
Cardano’s ADA has soared 12% in the past three days and is now testing a critical resistance level that has capped its upside since mid-August. The uptrend comes as on-chain data shows that short-term holders (STHs) have slowed their selloffs, with broader market demand for ADA also rising. These could set the stage for a breakout above the $0.92 wall. Sponsored Sponsored Cardano’s Rally Backed by Real Inflows An assessment of ADA’s Spent Coins Age Band (30d–60d) reveals that it has fallen steadily since September 16. At press time, this is at 47,230 ADA. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. ADA Spent Coins Age Band. Source: Santiment According to Santiment, this metric tracks the movement of ADA coins that have been held in wallets for between 30 and 60 days before being spent. Put simply, it tracks whether short-term holders (STHs) are selling their coins or choosing to hold. A rising value in this band signals increasing sell pressure from STHs, as coins held for just a month or two are moved to exchanges or liquidated. Conversely, as with ADA, a decline suggests that fewer recently accumulated tokens are being spent. Since STHs often drive price volatility, their decision to hold reduces selling pressure and may have contributed to ADA’s double-digit rally over the past three days. Sponsored Sponsored Furthermore, readings from the ADA/USD one-day chart confirm the bullish bias toward the altcoin. For example, its Chaikin Money Flow (CMF) has trended upward strongly, and now sits at a 42-day high of 0.11. Cardano CMF. Source: TradingView The CMF indicator measures the volume-weighted flow of capital into and out of an asset, with positive values like this signaling that buying pressure outweighs selling pressure. For…
Filed under: News - @ September 19, 2025 2:24 am