Cardano Gains 70%—Trump’s Bold Announcement Sends ADA Higher

• Cardano gains 70% after Trump’s crypto reserve announcement boosts investor confidence.
• ADA breaks resistance but faces rejection at $1.15, retracing into a descending channel.
• Market sentiment decides ADA’s next move—hold above $0.83 or continue downward.

Cardano’s ADA exploded with a 70% surge, jumping from $0.66 to $1.15 within hours. The sharp rally followed a major announcement from US President Donald Trump. A Strategic Cryptocurrency Reserve will now include ADA, Solana, and XRP. Bitcoin and Ethereum remain the foundation of this reserve. Investors rushed to buy after the news spread, pushing demand higher. Cardano reached a new peak for 2025 before facing resistance. Now, traders are watching key levels to see if this rally holds.

ADA Faces Resistance After a Breakout

Since December 2024, Cardano followed a downward trend, losing momentum after Trump’s election. A breakout finally arrived after months of slow movement. The announcement sent prices soaring past a key resistance level. However, sellers pushed back near $1.15, causing a pullback.The $0.83 level now holds major significance. This price represents half of the rally’s gain. Holding above this mark could confirm a correction before another move higher. If sellers take control, the price of ADA could return to the previous downtrend.

Is ADA’s Uptrend Sustainable?

Market sentiment will decide the next move. A breakout above $1.15 could attract more buyers. Trump’s growing influence in crypto could also fuel confidence. If buyers remain strong, the rally could continue toward new highs. However, weak demand could push Cardano back into a consolidation phase.

Volume and price action will reveal the direction in the coming days. For now, traders remain cautious. A solid hold above $0.83 would signal strength and send ADA’s price higher. However, more downside might be triggered if the price falls below that level. Cardano’s future now depends on whether momentum keeps building.