Cardano (ADA) has broken its long-term downtrend since October 2025, establishing an uptrend on the daily timeframe after breaching the $0.19 resistance in early July. The rally recently tested the $0.255 resistance level, which had been important in late April and May. The network has officially integrated the x402 codebase, a potential bullish catalyst if it attracts developers and payment volume. On-chain metrics from Santiment show short-term holders are increasingly profitable, raising the risk of selling pressure. The 30-day and 90-day MVRV ratios are positive, while the 365-day MVRV remains negative but at its highest since January. The 90-day mean coin age has declined sharply, indicating profit-taking by short-term holders.
Cardano has exhibited a clear uptrend since the first week of July, following a long-term downtrend that began in October 2025. The altcoin’s latest lower high was set at $0.19 in June, a level that was subsequently breached to start the current advance. The uptrend has since run into the $0.255 resistance, which previously acted as a hurdle in late April and May. If the flag breakout attempt is successful, the next price target is $0.29.
The Cardano network has officially integrated the x402 codebase. This development could serve as a solid bullish catalyst for the rest of the year if it leads to increased developer activity, application deployment, and payment volume.
On-chain data from Santiment reveals that the 30-day and 90-day MVRV ratios are positive, meaning short-term holders are, on average, in profit. This suggests an elevated risk of profit-taking and subsequent sell pressure. The 365-day MVRV is still negative, but it has risen to its highest level since January, indicating improving conditions for longer-term holders.
The mean coin age metric shows a divergence: the 365-day mean coin age continues an uptrend consistent with accumulation, while the 90-day mean coin age has taken a sharp downturn alongside the recent price rally. The age consumed metric also recorded its highest spike since June. This token movement is likely linked to short-term holders cashing in gains.
On the 4-hour chart, the swing structure remains bullish. The latest rally originated at the 78.6% retracement level near $0.19, a zone that also saw a bullish reaction in late August, making it a short-term demand area. The next overhead resistance to watch is $0.225. If the uptrend continues, targets are $0.258 and $0.279.
