Cardano Price Falters at $0.175 as Network Activity Worsens

Cardano's price has continued to hover around $0.175 after failing to break above $0.20, a level it lost earlier.

The network activity on Cardano has weakened over recent months, with TVL dropping from $130-$140 million in the past period to around $60-$65 million in August.

This indicates that capital locked in the ecosystem has yet to recover meaningfully, and the active address count has dropped significantly from 28,459 to 13,800, while transactions have fallen to 17,400 from 26,000.

A move above $0.181-$0.182 could bring $0.20 back into focus, but a break below $0.165 could weaken the current recovery structure and send ADA toward $0.15 or even the $0.137-$0.14 support zone.