Short-term trend analysis

Recently, the price of ADA has been driven by multiple factors:

1. Policy Favorable: The Trump administration will include ADA in the national cryptocurrency reserves, aiming to enhance the competitiveness of the US cryptocurrency industry, and plans to promote regulatory framework through executive orders;

2. Technical breakthrough: Cardano recently completed the Hydra protocol upgrade, increasing transaction processing capacity to the million level, and the smart contract ecosystem (such as Plutus v2) continues to expand, attracting institutional fund inflows;

3. Market Sentiment: Bitcoin's breakthrough of $87,000 has led to a rebound in the overall crypto market, coupled with the anticipation of the White House cryptocurrency summit on March 7, strong short-term bullish sentiment.
However, it should be noted that ADA's current circulating market value is about 40 billion US dollars, and the short-term increase has already reflected policy expectations. Caution is needed against profit-taking pressure #美联储3月议息