Cardano (ADA) has seen a gradual decline in its price since December, causing uncertainty among investors about its recovery. The drop in active addresses reflects growing skepticism and reduced participation in the Cardano network, resulting in diminished liquidity. However, the presence and stability of long-term holders (LTHs) offer hope for ADA's rebound. Maintaining the support level of $0.87 is crucial for ADA to regain upward momentum and aim for the $1.00 mark. Flipping $1.00 into support would initiate recovery, while losing the $0.87 support could have severe consequences for Cardano's price trajectory.



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