The current crypto market is bubbling with undercurrents, and details will determine the subsequent direction. If you hold ADA, this analysis might influence your upcoming decisions.

Recently, attention has been drawn to BlockDAG's funding progress, and the data is quite interesting: the project has raised over $440 million, with just over ten days remaining until the January 26 pre-sale deadline, and it will officially launch trading on February 16. During a period of relatively tight market liquidity, such a large influx of capital cannot be ignored for its bloodsucking effect on traditional altcoins like ADA and SHIB.

Let the data speak: ADA is currently priced at $0.388054. Over the past week, it has been fluctuating within a narrow range, with the RSI index staying at 48.4, right at the boundary between neutral and weak. I have analyzed nearly a hundred daily K-lines and identified three key price levels—support at $0.372500 (close to the late January bottom oscillation line; once broken, it’s hard to rebound directly, likely probing down to $0.35), resistance above at $0.403600 (clear accumulation of trapped orders here, multiple failed attempts prove this), and a technical breakout point at $0.397800 (only a firm hold here can truly open up upward space).

Many people ask whether they should enter now or cut losses. My judgment is: stay on the sidelines in the short term and avoid frequent operations; the long-term key still depends on ecosystem development. The current pressure comes from two directions: one is new projects like BlockDAG attracting incremental funds, and the other is the market’s ongoing digestion of ADA’s ecosystem progress. True opportunities often appear when market sentiment is at its most pessimistic—if ADA can hold steady at the $0.372 level during this correction, it might become the support point for the next rebound.