The Cardano stablecoin market is at a critical turning point, with analysis showing that future trends may face downward pressure. Although current trading is in a Tied Up state, the market performance is not overly concerning. If the daily line can stabilize above the 98000 position, a stop-loss operation on the short position will be considered.

Based on the analysis of multiple technical indicators, a significant pullback may occur in the near future: firstly, the M-top pattern formed from last November to this February has strong technical pressure; secondly, there is a large amount of potential selling pressure in the 98000 price area; thirdly, the recent rise that began at the start of this month lacks obvious driving force; fourthly, according to Fibonacci time cycles, the market is about to enter a phase of increased volatility; finally, based on historical patterns, during the mid-year report period for banks in June and July, funds often flow back to traditional financial sectors, leading to downward pressure on risk assets.

This periodic adjustment is a normal phenomenon in the market and is worth investors' close attention to subsequent developments.