There has been an interesting phenomenon in recent days: emerging projects are constantly creating buzz during their fundraising stages, while established blockchains like SOL and ADA are quietly gaining strength. Let's take a closer look at the current situation of ADA.

From the chart perspective, ADA is currently quoted at $0.395859, in a typical retracement and consolidation pattern. On technical indicators, the RSI has already fallen to 38.0, which indeed reflects short-term market caution. However, low levels often also mean that the rebound energy is accumulating.

Key support and resistance levels are very clear—below at $0.380000 is a strong support, and above at $0.411700 is a resistance. The $0.405800 level is particularly noteworthy; it can be seen as a critical point for a breakout. Once this level is reclaimed, the trend reversal signal will be very obvious.

Let me share my trading approach. Considering a light position around the current price of $0.395859 is reasonable, but stop-loss must be set, ideally at $0.378000 to leave enough room for operation. If the price breaks above $0.405800, consider gradually adding to your position, allowing profits to run with the trend. Conversely, if the support is broken, don’t hesitate—exit decisively, as that’s the hard rule.

How this wave of market movement will unfold depends on the performance of the next few candlesticks. Whether support holds and resistance can be broken are key factors in determining whether the rebound can continue.