Cardano's performance in recent years has indeed been quite disappointing. Since reaching a historic high in 2021, the project has entered a prolonged correction phase. From long-term holders to short-term traders, many have exhausted their patience amid repeated fluctuations and ultimately chose to exit. But now, the situation may be changing.

Currently, ADA is trading around $0.4. After multiple deep corrections, it has still not broken below its historical lows. This phenomenon is worth noting. Compared to other small-cap cryptocurrencies, this is particularly valuable—it indicates that there may indeed be accumulated support here.

There is a common misconception in the market: believing that the bottom is when the price stops falling. In reality, this is far from the truth. The true bottom is a gradual process where funds enter the market and chips slowly concentrate. Cardano's current state precisely fits this characteristic. Years of decline have washed out the weak-handed holders, leaving behind long-term participants who believe in the project. These investors typically accumulate chips in the bottom area rather than rushing to sell.

From a technical perspective, ADA has maintained relative stability within a wide range—this zone has withstood multiple market cycles without hitting new lows. This resilience itself is a signal. The concentration of chips at the bottom is increasing, indicating that the market is gathering strength for the next upward phase. When this strength becomes sufficient, it often acts as a trigger for a rally.

For current holders, the key is to understand the meaning of this process—you are not experiencing failure, but rather a necessary stage of chip accumulation.