Regarding the recent trend of ADA, there are several details worth following.

From a technical perspective, although this rebound has seen a significant increase (rising 4% in the short term), the long-term price is still being suppressed by the main moving averages, and the bearish framework has not changed. This rise mainly comes from short liquidations—data shows that the scale of short liquidations is 2.3 times that of long liquidations, and this asymmetric liquidation phenomenon creates a superficial illusion of "bullish dominance."

From the perspective of market sentiment, 60.2% of retail investors have turned bullish due to this rebound, and many are starting to talk about "trend reversal." This psychological shift is often exactly what the main institutions are happy to see.

In terms of technical indicators, the RSI has shown an oversold signal near 20. Whether this signal is a true bottom or a rebound trap depends on whether the price can break through the moving average resistance above.

From a trading perspective, when the market is in a downtrend, each strong rebound may be a buildup before a larger decline. According to the current technical pattern, if the rebound fails, ADA may test the support in the range of 0.3500-0.3000.

The trading in the crypto market is essentially a game of probability. In the current technological landscape, bears still hold the initiative, which can be seen from the suppression pattern of the long-term moving averages.