Cardano's short-term trend shows a typical rebound pattern. If the price successfully breaks through the key resistance at 0.3711 USDT, the next target will be the 20-day moving average at 0.3846 USDT. However, if the rebound momentum is insufficient, the price may repeatedly test support within the 0.3518-0.3600 USDT range.

In terms of short-term trading, the current environment is overbought, and blindly chasing highs carries significant risk. A more prudent strategy is to wait for a pullback near support levels, then attempt long positions with smaller positions; or when the rebound hits resistance and is suppressed, consider short-term short positions. Regardless of the choice, stop-losses are essential—if the long position drops below 0.3518 USDT, exit immediately.

Looking at the medium and long term, the situation is much more complex. No clear reversal signals have been observed yet, such as a volume breakout above the 60-day moving average or confirmation of a bottom pattern. This suggests that long-term investors should remain cautious and wait for a genuine trend reversal or bullish confirmation before building positions.

Ultimately, Cardano is currently in an awkward situation of "short-term rebound, long-term decline." Short-term traders can profit from volatility, but must maintain strict discipline and take profits when appropriate; medium- and long-term investors should patiently wait until the bearish forces are fully exhausted and the trend truly turns bullish.