Cardano (ADA) is currently consolidating within a bullish descending wedge pattern. Despite a recent 2% decline, it has held the support level at $0.383. On-chain data shows market divergence: long-term holders (holding for 365 days to 2 years) have increased their sell-off by approximately 135%, reaching 4.51 million ADA; meanwhile, short-term holders (holding for 30 to 60 days) have reduced their sell-off by nearly 92%, down to 4.28 million ADA, indicating a potential shift in market sentiment.