Cardano trading activity hits six-month low as price eyes reversal

Cardano’s on-chain trading activity has collapsed alongside a steep price decline. Weekly decentralized exchange volume fell from a peak of 19,103,979 ADA in August 2025 to 1,176,723 ADA by February 16, 2026, a drop of about 94%. Over the same six-month span, ADA’s price slid roughly 68%, reflecting weaker participation and demand.

Despite the slump in activity, price charts show early signs of a potential reversal. An inverse head-and-shoulders pattern formed on the daily timeframe, with the left shoulder in January, the head in early February and a right shoulder at similar levels. Confirmation requires a daily close above $0.30, while the RSI has produced a bullish divergence between December 31 and February 18, suggesting selling pressure has eased as buyers reappear.

At the same time, on-chain profitability metrics introduce risk. The percentage of supply in profit plunged from 27% to about 6% from late January to mid-February and has since climbed toward 10%.

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