Family, today I want to talk to you about the market performance of ADA. I have researched a lot of current market data, analyzing it comprehensively from technical aspects, on-chain indicators, and fundamental factors.

First, let's discuss the unusual movements in the Japanese market. Recently, the trading volume of ADA/JPY suddenly soared to $121.5 million, accounting for 10.7% of the global ADA trading volume! However, it is important to note that its liquidity is relatively low, with a spread of only 0.02%, which can easily trigger price fluctuations, so everyone should keep a close eye on it.

Next, let's look at the technical situation; there is considerable bearish pressure. On the daily chart, both the highs and lows are gradually moving downwards, forming a descending channel. A crucial point right now is that ADA needs to stabilize above $0.72; otherwise, it may need to test lower levels. Moreover, the MACD indicator has shown a negative crossover, which is not a good signal, suggesting that the price might drop towards $0.67. If the selling pressure continues, it might even test the support level at $0.51.

However, there is still some hope, as there are potential rebound signals. The RSI indicator is currently close to 60 and has not yet entered the overbought zone (overbought is over 70), which indicates that there is still room for upward movement. If ADA can break through $0.75, it may trigger short liquidations, as the recent range of $0.74 - $0.75 is a concentrated area for short liquidations. Additionally, there are signs of whale accumulation, with nearly 70 million ADA, approximately $52 million, transferred from Coinbase to an unknown wallet, which could alleviate selling pressure and potentially be a positive factor for the price.

My operating guideline for everyone today is to consider going long around $0.7350 - $0.7410, with the target upwards, first aiming for $0.7515, and then further to $0.7753.