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ADA's recent trend shows clear signs of weakness. The short-term long positions at 0.42 have been successfully exited, but the subsequent performance is somewhat disappointing—no breakthrough at the high point, and the lows are continuously moving lower.
From the weekly chart, there have been long upper shadows for two consecutive weeks, indicating significant resistance overhead. More concerning is the piercing of the lows, suggesting a high probability of further decline next week. The daily chart shows a decreasing volume decline, with yesterday's bearish candle directly breaking below the key support at 0.4157. The downward pace is accelerating, and the 0.387 level is being tested, potentially forming a new consolidation zone.
The four-hour trend is clearly downward. Although occasional bullish candles appear, the volume is almost negligible, indicating that the support at 0.39 is not very solid, and holding it in the future will be quite challenging.
ADA currently lacks independent market momentum and mostly follows the overall market trend. In this situation, spot trading is not recommended; instead, consider short-term long positions at lower levels. Specifically, the range of 0.381 to 0.3825 is worth paying attention to. This area is the Fibonacci 0.3825 retracement point of the major structure and also the recent bottom of the oscillation.
If the 0.381 level continues to break downward, the next target may be around 0.369—where the previous large-volume bullish candle was initiated. Maintain a cautious stance at this stage and patiently wait for better entry opportunities.