Big G prediction: ADA is brewing a short-term fluctuation and may welcome a breakthrough in the medium term.

Current market situation

Today's ADA price fluctuates between $0.66 and $0.68, with a 24-hour decline of 4.8%, and trading volume reduced to $460 million, as the market enters a quiet phase. However, on-chain data shows that large investors holding 100 million to 1 billion ADA have recently increased their holdings by 40 million tokens, indicating clear signs of whale bottom-fishing.

Key support and resistance

Since May 10, ADA has been consolidating between $0.76 (iron bottom) and $0.84 (strong resistance). If it holds above $0.76, it may launch a counterattack based on community confidence (weighted sentiment indicator rises to 1.33); if it falls below $0.76, it may trigger panic selling, probing down to $0.66.

Potential positive factors

Ecological upgrade: Cardano recently completed the Basho era upgrade, improving network efficiency and paving the way for the subsequent DeFi ecosystem explosion.

Institutional entry: Grayscale has included it in its portfolio and partnered with the Brave browser to reach 86 million users, bringing expectations of incremental funds.

Holding mindset: Over 60% of holders are in a state of loss, but on-chain data shows low selling intention, with most choosing to wait for a rise.

Future market prediction

Short-term (within 1 week): The main focus is on fluctuations, especially the defense situation at $0.76. If Bitcoin stabilizes above $93,000 (today Bitcoin led the market rebound), ADA may attempt to challenge the resistance level of $0.84.

Mid-term (within 1 month): After breaking through $0.84, it is expected to open an upward channel, with the first target at $0.92, and extreme conditions may challenge the psychological barrier of $1.

Operational advice

Spot players can gradually build positions around $0.76, with a stop-loss if it falls below $0.72; contract traders should focus on the breakthrough situation at $0.84 and beware of false breakouts when the volume is insufficient. The market's quiet period often breeds a reversal, and this Friday after the U.S. stock market closes may become a key time window.$ADA #山寨币交易

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