ADA's performance in the New Year has definitely caught people's attention. It surged from $0.30 all the way to nearly $0.40, and trading volume has kept pace — this is not just hype.

From a technical perspective, the Leios upgrade is progressing steadily, with core milestones already over halfway, which means there is still considerable potential ahead. On the institutional side, things are even more interesting — Grayscale has clearly increased its holdings, raising ADA's weight in its portfolio to 18.55%, second only to ETH and SOL, which is a significant signal.

In the short term, high levels will indeed face some profit-taking pressure, but considering the overall upward cycle, the momentum remains healthy. The key points to watch are: whether the upgrade can continue to advance smoothly, and how market sentiment will evolve afterward. If you're already holding, stay steady, as these upgrade cycles often require patience. Those who haven't entered yet can keep an eye on it; gradual accumulation at reasonable levels is also a viable approach.