Cardano trades at $0.19 as 131 million ADA sits in retired pools without rewards

Cardano (ADA) is trading close to $0.19, with analysts pointing to a weekly price structure similar to one that preceded a major rally during the previous cycle. The token remains well below levels necessary to signal a new bullish phase, while on-chain data highlights a substantial amount of ADA that is currently missing out on staking rewards. A market analyst known as 360Trader recently drew attention to Cardano’s price action, calling the current weekly structure reminiscent of the accumulation base that led up to a 2,000% price surge in the last bull cycle. Despite the visual similarity, 360Trader emphasized that ADA remains firmly under thresholds essential for a true trend reversal.

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