Home NewsAltcoin Cardano Surges 75% After Trump’s Crypto Reserve Plan

Cardano Surges 75% After Trump’s Crypto Reserve Plan

by Ouess

Cardano (ADA) has soared over 75% after U.S. President Donald Trump announced its inclusion in a proposed crypto strategic reserve. The price surged from $0.6461 to $1.13, driven by renewed investor confidence.

According to TradingView, ADA’s trading volume skyrocketed by 1,450%, reaching $9.7 billion. Meanwhile, the broader crypto market gained $300 billion in value, reflecting the impact of this announcement.

ADA 24Hr Volume Source : TradingView

Cardano Breaks Key Resistance Levels

Cardano successfully broke past the $0.82 resistance, signaling an end to its consolidation phase. After peaking at $1.20, the price slightly retraced and is now stabilizing around $1.00.

ADA USD Source : TradingView

Technical Indicators Remain Bullish

Relative Strength Index (RSI): Briefly hit overbought territory (75) before cooling to 62, suggesting possible short-term consolidation.
Exponential Moving Average (EMA): $0.8255, indicating a strong buy signal.
Simple Moving Average (SMA): $0.9350, further supporting bullish momentum.

If ADA holds above $1.00, the next resistance level sits at $1.20, with a potential move to $1.50 if buying pressure continues. On the downside, $0.82 remains key support, while $0.80 serves as a psychological level.

Cardano ETF Could Be a Major Catalyst

A major development on the horizon is the potential approval of Grayscale’s spot Cardano ETF by the U.S. Securities and Exchange Commission (SEC).

If approved, this would be the first U.S. ETF dedicated to ADA, making Cardano more accessible to institutional investors. This could drive long-term growth and mainstream adoption.

Final Thoughts

Cardano’s massive rally highlights its growing significance in the crypto market. With Trump’s crypto reserve plan and a potential Cardano ETF, ADA could see further gains. Will it sustain momentum, or is a correction coming? Share your thoughts below!

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
Social Media Auto Publish Powered By : XYZScripts.com
Skip to content