$ADA has been silent for a while, but is now gradually rising. The biggest problem with ADA is that everyone thinks this cryptocurrency is a worthless coin; it has no ecosystem of its own. However, in every bull market, we can see ADA being pushed up, similar to XPR, which will not easily miss this market trend. The reason for analyzing this coin is that, based on data and its ecosystem, it shows certain support levels.

First, from a technical mid-term trend perspective, as long as the weekly level can stabilize above 0.8, there will still be opportunities to challenge 1 USD and even higher to the 1.2 area (this area is a critical accumulation zone on a larger scale).

On-chain data shows that addresses holding 10 million to 100 million ADA have been continuously increasing since the beginning of the year; while addresses holding 100 million to 1 billion have been accelerating their accumulation since last October, and this year has remained stable overall, with no significant reduction actions so far.

Combining technical analysis and on-chain data, the overall trend still appears upward, and there has been no large-scale chip sell-off.

The altcoins I analyze all have certain fundamentals supporting them, especially for those who like to invest long-term, it is essential to have a deep understanding of this cryptocurrency before considering long-term investment. If focusing on short-term trading, it is sufficient to follow the trending coins in the market.

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