Cardano price is slipping back into focus after failing to follow through on a breakout attempt. ADA is down about 2% over the past 24 hours and has trended lower since January 6. Still, the damage remains contained. Over the past seven days, the ADA price has been broadly flat and has not flipped negative.
That balance is not accidental. Cardano is holding a bullish structure, and buying pressure has not disappeared. But underneath the surface, the type of buying has changed. That shift is now the main risk factor deciding whether ADA stabilizes or slides.
On-chain data shows a clear divergence between long-term and short-term holders. Long-term holders are increasingly distributing. The spent coins age band for the 365-day to 2-year cohort rose sharply on January 9. Activity from this group jumped from about 1.92 million ADA to 4.51 million ADA, an increase of roughly 135% in just 24 hours.
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