Family, Long Ge is here again to analyze Cardano (ADA) for everyone! The market has been changing rapidly lately, and ADA's trend is quite concerning.

Let's first look at the price situation. ADA previously tested resistance around $0.98 but ended up being pulled down by the market. It has fallen back to $0.85 in the past couple of days, dropping 7.81% in 24 hours, which is indeed a bit distressing. However, analyst Ali Martinez mentioned that ADA has formed a 'triangle breakout' pattern, which is a key signal. If it can hold the support level of $0.84, the short-term target could reach $1.10.

Looking further ahead, $1.25 is considered a confirmation signal for a bull market. Once it breaks this price, ADA might start a major upward wave, and there could be significant room for further increases.

Now let's talk about support and resistance. For resistance, we first look at $1.10, and the key level is $1.25. On the support side, weak support is at $0.84-$0.85, which is the lower end of the recent fluctuation range; strong support is at $0.60-$0.65, where the 200-day moving average lies, and it's also a psychological barrier. If it unfortunately breaks the strong support, it might dive down to $0.42, which would be a bit dangerous.

To summarize, although ADA is under pressure in the short term, the technical structure is still intact. As long as it holds above $0.84 and breaks through $1.25, it can open up an upward space to $1.75. However, the long-term potential still depends on the ecological implementation and regulatory trends.

Finally, Long Ge provides today's operation guide: consider going long around $0.8330-$0.8465, first looking at $0.8635, and then further at $0.8858. The strategy has a time sensitivity, and it should primarily be based on market conditions, for reference only. #ADA