Cardano has been quite interesting these days. As of January 14, the price hovers around $0.42, with a nearly 9% daily increase, and trading volume has noticeably picked up, indicating that the market is once again focusing on this old project. However, from a broader trend perspective, it’s far from entering a rapid ascent phase—more like oscillating within a certain range, gradually accumulating strength.

From a daily chart perspective, the current position is quite stable. The 20-day moving average supports around $0.39, with the price firmly staying above it, suggesting recent capital flow is optimistic and there’s no immediate risk. But if you pull the K-line chart to a weekly view, the story looks different—it’s still consolidating sideways, with no clear breakout signals. In other words, the current trend is "rising in waves and resting in between," with a cautious rhythm.

Those key price levels become especially important.

On the support side, the $0.416 level is not far from the current price; once it retraces to this level, there’s usually buying interest. Further down, there’s $0.396, which is the lower boundary of the range; if it breaks below, the price could directly test $0.39 or even $0.37.

On the resistance side, the nearest obstacle is at $0.426. If a volume breakout occurs, there’s room for further upward testing. But the real psychological barrier is above $0.49—whether this region can be effectively broken through will determine if the next move is a larger upward trend or continued oscillation at high levels.

What about technical indicators? The RSI is currently around 58, indicating a "strong but not overheated" state, meaning there’s still room for upward movement without the bubble feeling. The MACD also shows signs of bullish momentum, and the daily trend looks good. However, the larger cycle indicators still show caution, suggesting that the current gains are not yet fully solidified.

In summary: Cardano is currently in a buildup phase, with short-term bias toward upward movement, but the overall trend has not yet been confirmed. If it can effectively break above $0.43, that’s a bullish signal. Conversely, if it falls below $0.416, caution for a possible correction is warranted. For beginners, the best approach is to wait patiently for the trend to clarify and avoid rushing to chase highs.