Cardano has been quite active recently. A fork upgrade plan is expected to be implemented in mid-February. Such major updates often trigger a wave of market enthusiasm, providing short-term trading opportunities.

However, to be honest, from a long-term perspective, I am not particularly optimistic. A quick buy and sell approach is more reliable.

From a technical standpoint, it’s worth noting that on the daily chart, the price has just broken through the middle band of the Bollinger Bands. This position usually attracts attention from capital. Meanwhile, the MACD histogram is expanding, and the DIF has crossed above the DEA to form a golden cross, which is a typical bullish signal. More importantly, the trading volume has significantly increased, indicating signs that major funds are tentatively entering.

Combined with the fork expectation as a catalyst, there is still a probability of a small long position in the short term, provided that the position is well-controlled and greed is kept in check.