Brothers, let's talk about the market analysis of ADA. Its performance has been quite impressive these days! As of August 14, the price is around $0.985, with a 13% increase in 24 hours. Not only did it break the July high of $0.93, but it also created a four-month high. This surge is mainly driven by Bitcoin's rise to $124,500, with funds flowing into mainstream altcoins, and ADA itself has also broken through key resistance levels, which is really powerful.

From a technical perspective, the price is steadily above the 100-hour moving average ($0.950), and the daily chart has reclaimed the 50-day moving average. The short-term moving averages are neatly aligned, indicating a bullish trend. The MACD on the hourly chart is in the bullish zone, gaining strength, supporting further upward movement; the RSI has broken above 50, currently at 60-65, not yet overbought, and still has room for upward movement.

The fundamentals are also quite stable, with the Cardano Foundation holding 15% in reserves ($659 million) to buy Bitcoin, enhancing asset stability; the DeFi ecosystem is also growing, with TVL exceeding $460 million. Protocols like Liqwid are still pushing for demand on the chain, which is quite solid.

Morning Brother's suggested operation is to go long if it retraces to around $0.9815, initially targeting $1.012; if it breaks through, then aim for $1.056. Don't forget to set your stop loss at #ada .