Cardano (ADA) has surged 80% following a groundbreaking announcement from former President Trump about including ADA in a proposed “US Crypto Strategic Reserve.” Market analysts are now projecting a potential 125% rally that could push the cryptocurrency to new all-time highs.
Trump’s Crypto Reserve Announcement Ignites ADA Rally
In a stunning development that has sent shockwaves through the crypto market, Donald Trump announced the creation of a US Crypto Reserve featuring Cardano alongside XRP, Solana, Bitcoin, and Ethereum. The announcement, made via Truth Social, criticized the Biden administration’s handling of cryptocurrencies while positioning the strategic reserve as a solution to “elevate the critical industry.”
Technical Analysis Points to Major Breakout
Key price levels to watch:
- Current Price: $0.91
- Key Resistance: $1.19
- Target Price: $2.20
- Previous High: $1.32 (December)
Crypto analyst Ali Martinez suggests investors should monitor for a 12-hour candlestick close above $1.19 to confirm the bullish breakout. This technical milestone could trigger an 84% surge from the breakout level.
Whale Activity Signals Strong Institutional Interest
Large-scale investors have shown remarkable confidence in ADA’s potential, with whales accumulating over 420 million tokens in just 24 hours. This significant accumulation suggests strong institutional backing for Cardano’s growth trajectory.
Market Implications and Future Outlook
The “Power of 3” pattern identified by market analyst Sjuul suggests ADA has entered its distribution phase, historically associated with strong price appreciation. With market-wide volatility following Trump’s announcement, traders should watch for consolidation between $0.90-$1.00 before potential continuation of the upward trend.
Source: NewsBTC