Last night, I spent quite some time analyzing ADA charts, and this recent trend is indeed becoming interesting.

From a technical perspective, ADA's current performance is quite good. The RSI indicator stands at 52.6, in a neutral to slightly bullish range, indicating that market sentiment is recovering. The current price around $0.354936 has formed a solid support level. If this level can hold, the probability of an upward move will significantly increase.

More importantly, the bulls have been in control during this period. Trading volume is gradually increasing, which usually means funds are gradually building positions. No overbought signals have appeared, so there is still room for an upward move.

From the data, the key support level is at $0.340700, which is the defensive line. If this level is broken, bears may seize the opportunity to enter. Conversely, the resistance level is at $0.369100, with the breakout point at $0.363800. As long as this level can be effectively broken, a relatively good upward wave may follow.

My simple idea is: continue to observe. If ADA can successfully break through $0.363800, I will consider gradually positioning. But before making any moves, a stop-loss plan is essential. If the key support at $0.340700 is broken, cut losses and accept the loss; protecting the principal is always the top priority.

Overall, ADA's performance during this period is quite promising. The market structure looks well-organized, and if subsequent volume continues to gently expand, it could bring some good opportunities.