Cardano (ADA) touched the 50% Fibonacci retracement level in the second wave. From the current trend, ideally, the price should form another low to complete the downward correction.

But if it breaks through the key level of $0.438, it means ADA may have already initiated the third wave of upward movement. This is the breakout point we need to watch closely — once confirmed, the upward potential should not be underestimated. The short-term price performance will determine the subsequent direction, and the key lies in the interaction between this support and resistance level.