Recently noticed an interesting phenomenon—Cardano founder publicly stated that XRP is a product designed for the current billion-dollar tokenization market, which has caused quite a ripple in the market. As a competitor in the same track, ADA has gained many insights from this: since projects like XRP can gain industry recognition, the status and prospects of ADA as a smart contract platform also deserve a reevaluation.

From a technical perspective, ADA is currently priced at $0.354313, in a buildup phase. The RSI indicator is at 49.4, indicating that market sentiment is still relatively neutral, and the weak momentum has not fully reversed. Support is locked at $0.340100, with resistance above at $0.368500. Notably, the $0.363200 level is worth paying close attention to—once ADA can stabilize here, it may trigger a chain reaction.

In terms of trading strategy, I prefer a phased approach. Start with a small position at the current price to test the waters, waiting for clearer market signals. If ADA successfully breaks through and stabilizes above $0.363200, consider increasing the position. Set a stop-loss below $0.340100 to effectively control risk. The initial target price is set around $0.368500.

The market is ever-changing, so any plan needs to be flexibly adjusted based on actual market conditions. This is my view on ADA's current trend. Feel free to share your opinions and ideas.