ADA has recently shown obvious signs of weakness. From a capital perspective, net outflows over the past 3 days have approached $10 million, and large investors continue to reduce their holdings with a clear attitude. The technical charts are also not optimistic—prices have fallen below all major moving averages, with EMA7/25/99 forming a complete bearish alignment, and a standard downtrend structure has been established.

It is also worth paying attention to the changes in sentiment in the futures market. 24-hour data shows that the amount of long positions liquidated due to margin calls reached $2.2 million, while short positions were only liquidated at $70,000. This contrast indeed reflects a divergence in market participants' perceptions of the future trend—bulls are under continuous pressure.

From a technical perspective, the current price range is above key support levels, but the risk of a breakdown is accumulating. If the price cannot stabilize at this level, the next target is $0.3150, with further support at $0.285.

In the market environment, trend judgment is often more important than prediction. When capital, technical, and sentiment dimensions all point in the same direction, following the trend is usually the more probable choice.