2025-3-4 20:00 |
The move has reignited bullish sentiment, pushing ADA past the critical $1 level for the first time in over a month. With investor confidence soaring, analysts are now debating how far ADA could climb in this new uptrend.
Trump’s Crypto Reserve Sparks ADA RallyTrump’s declaration of a U.S. Crypto Strategic Reserve sent shockwaves through the market, fueling a rapid price surge for ADA. The cryptocurrency, which had been struggling below $1 for six weeks, saw an influx of buying pressure that propelled it to $1.06. This dramatic move has flipped market sentiment, with long-term holders (LTHs) now seeing significant profits.
Trump announces a U.S. Crypto Reserve featuring XRP, SOL, and ADA, vowing to make America the global crypto leader. Source: Donald J. Trump via TRUTH
The Market Value to Realized Value (MVRV) Long/Short Difference indicator shows a notable uptick, suggesting that investors with longer holding periods are in profit. Historically, such conditions have supported sustained rallies, as profit-taking among LTHs remains minimal.
technical
Cardano (ADA) was trading at around $1.03, up 61.24% in the last 24 hours at press time. Source: Brave New Coin
Can ADA Hold Above $1?Technical indicators suggest that Cardano’s rally could have further room to grow, but the sustainability of this move depends on ADA’s ability to maintain the $1 level as strong support. If buyers continue to defend this price point, the next upside targets could be $1.20 and $1.50 in the near term.
The $1 resistance has become psychological support for Cardano (ADA). Source: TradingView
However, the Relative Strength Index (RSI) has entered the overbought zone, traditionally signaling a potential pullback. That said, historical trends suggest that ADA has often continued its ascent despite entering overbought conditions, indicating that the current rally may not be over yet.
Key Levels to WatchIf ADA maintains its momentum, the next resistance levels stand at $1.20, followed by $1.50. Breaking these barriers could open the door for a further surge toward $2.00, aligning with previous bullish price projections.
ADA can hit $2 if the price successfully holds above the $1 support. Source: Elliasnilsson on TradingView
On the downside, a failure to hold above $1.00 could cause ADA to retrace toward $0.85, where the next major support level lies. A drop below this threshold could invalidate the bullish scenario and lead to a deeper correction.
Is $8.11 Still a Possibility?Before Trump’s announcement, analyst Master Ananda had predicted a potential ADA surge to $8.11 in 2025, based on historical price cycles and Fibonacci projections. While this long-term target remains ambitious, the renewed institutional and retail interest in ADA following the Crypto Reserve inclusion has reignited speculation that such highs may not be out of reach.
Cardano’s ADA is poised to rebound from the $0.60 support and surge above $8. Source: RashidHamada on TradingView
The upcoming months will be crucial in determining whether ADA can sustain its newfound bullish momentum. For now, traders and investors will closely watch whether Cardano solidifies its position above $1.00 or faces a temporary retracement before its next leg up.
With the broader market entering a potential bull cycle, ADA’s inclusion in Trump’s U.S. Crypto Reserve may mark the beginning of a new era for the asset. If historical patterns repeat, Cardano holders could be in for a significant ride ahead.
Watch – Cardano Price Analysis origin »Cardano (ADA) на Currencies.ru
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