ADA Strongly Rebounds to $0.62, Is This the Deep Squat Before Takeoff?

Cardano ADA has been quite strong these past few days, surging 26% from the weekly low, reaching $0.65. But don't rush into excitement; on-chain data shows that spot inflow is scarce, and derivative trading volume is also shrinking, indicating that this wave may not be the result of frantic buying but rather more like an "emotional rebound."

The market is still in a state of "fear," and everyone is being cautious.

Whether this wave can sustain itself depends on demand and the overall market direction. Keep a close watch, and don't chase the highs.

Follow Lao He, guiding you to see through the chaos and seize opportunities.