#ADA Short-term adjustments are poised for action, ETF expectations may trigger the next surge
In recent days, ADA has retraced along with the market, which looks somewhat alarming, but I must say, this might just be the good opportunity we've been waiting for.
Why is it falling? It's actually a healthy adjustment.
This decline doesn't need to be overly interpreted. On one hand, it's influenced by the broader environment; Bitcoin and Ethereum, the big players, are also adjusting, leading to some caution in the market's short-term funds. On the other hand, ADA had previously surged quite a bit, pulling back from a high of 0.9643 within 24 hours, which is actually testing a key support level. This kind of movement is quite normal; simply put, it's just “taking a break after a big rise.”
When will it rise? Possibly faster than you think.
From my market observation experience, the range of 0.85–0.86 is a strong support. As long as it holds, a rebound could come at any time. If it can regain momentum and push above 0.9 in the short term, I estimate a new round of market activity will start.
Furthermore, Cardano itself isn't idle; their Hydra layer two solution has been advancing, and there are more and more projects in the ecosystem. These are solid positives that cannot be compared to those purely speculative coins.
Don't forget the big story of ETFs!
Although no ADA ETF has officially launched yet, think about it—what has the trend been like after the ETFs for Bitcoin and Ethereum were approved? Once institutions start applying for ADA ETFs, the scenario will be too beautiful to imagine.
To be honest, I am actually quite optimistic at this point. The decline has low volume, clear support, and there are no significant issues with the fundamentals, plus the potential huge benefit from ETFs… At the current price level, the chances of winning in the medium to long term look quite good.
When others are hesitating, it may just be our opportunity to gradually build our positions. Don't forget that old saying: “The market is born in despair and rises in hesitation.” $ADA