Family, today Long Ge is here to chat with everyone about the market for Cardano (ADA), all solid information, hurry up and like and save it!

Recently, ADA has been bouncing back and forth in the small range of $0.90 to $0.96, especially the $0.90 mark, which is simply a line of life and death! If the daily closing price really falls below this, it could be troublesome, potentially dropping by 6.65%, heading straight for $0.835.

But what if it can surge upwards? The range between $1.00 and $1.25 is a key signal. As long as it firmly stays above $1.00, looking at $1.10 in the short term shouldn't be a big issue; if it can strongly break through $1.25, then the bullish momentum in the long term will be solidified!

Now let's talk about the futures market. On August 14, the trading volume of ADA futures skyrocketed to $6.96 billion, hitting a new high in five months! This indicates that both institutions and traders are increasingly interested in ADA, with intense competition between longs and shorts.

From the position holdings perspective, the big whales holding over 1 billion ADA have seen their position share decrease from 5.43% in June to 5.02%, clearly indicating that these large holders are somewhat bearish. However, the retail investors are different; there was a net outflow of $25.94 million in ADA from the exchanges, which means retail investors are taking advantage of the low prices to increase their positions.

There's also a leverage risk that needs to be mentioned. Short liquidations are concentrated at $0.876, while long liquidations are at $0.928. The market is like a powder keg now, whichever side breaks through will see amplified volatility.

Lastly, let's discuss Long Ge's operation guide for today: short around $0.9250 to $0.9435, first looking for a drop to $0.8963, and then seeing if it can go down to $0.8788. Of course, market conditions can change faster than flipping a page, so everyone must be cautious during operations and manage risks properly! #ADA