In a stunning market development, Cardano (ADA) experienced unprecedented volatility following President Trump’s surprise announcement about including ADA in the U.S. Strategic Crypto Reserve. The news triggered an explosive 80% price surge, though the celebration proved short-lived as broader market turbulence pulled prices back significantly.
Market Impact and Whale Activity
On-chain data from Santiment has revealed a remarkable trend: crypto whales accumulated over 420 million ADA in the wake of Trump’s strategic crypto reserve announcement, demonstrating strong institutional confidence in Cardano’s long-term potential. This massive accumulation occurred despite ADA experiencing a sharp 35% correction from its recent highs.
Technical Analysis
Currently trading at $0.95, ADA faces crucial resistance at the psychological $1 mark. Key levels to watch:
- Support: $0.75 – Critical demand zone
- Resistance: $1.00 – Major psychological barrier
- Upside Target: $1.30 – Multi-year resistance level
Expert Perspectives
“The recent whale accumulation suggests strong institutional confidence in Cardano’s fundamentals,” notes crypto analyst Ali Martinez. “Despite short-term volatility, large holders are positioning for the next major market cycle.”
Market Outlook
The next few weeks will be crucial for Cardano’s price trajectory. Bulls need to reclaim the $1 mark to establish momentum for further upside, while maintaining support above $0.75 remains critical to prevent additional selling pressure. With significant whale accumulation and potential strategic reserve inclusion, ADA could be positioned for substantial gains once market conditions stabilize.