Cardano Price Prediction: ADA Explodes After President Trump’s Announcement – Is a Surge to $3 Imminent?
Cardano is leading the crypto market with a sharp increase in price and trading volume. The token has surged over 30%, with a trading volume spike of 1,559.30%, making it one of the most active assets in the market. At writing, ADA’s price sits at $0.9684. The rally follows speculation surrounding a statement linked to former U.S. President Donald Trump, that ADA will be added to a Crypto Strategic Reserve.
Top analyst AMCryptoAlex claims that Trump announced Cardano’s inclusion in a Crypto Strategic Reserve on X, fueling speculation that the asset could soon reach $2.00 or higher. While there is no official confirmation of this statement, the market reaction has been notable. The surge in buying pressure has pushed ADA’s price into a strong uptrend, drawing attention to key resistance levels.
On the technical front, ADA is showing parabolic growth, following a harmonic ABCD pattern that suggests further upside potential. Analysts point to a steep ascending trendline, which, if maintained, could see ADA’s price reaching $2.60.
What you'll learn 👉
Cardano Price Key Technical Levels and Breakout Confirmation
The recent rally aligns with a chart shared by crypto expert Ali on X (formerly Twitter), which highlights a descending wedge breakout on the 12-hour timeframe. From the analysis, the most critical point to watch is the $1.19 resistance. If the ADA price closes above $1.19 on a 12-hour candle, it could confirm a strong bull trend with the targets at $1.50, $1.60, and then $2.20.
The Fibonacci extension levels also indicate that if the breakout succeeds, ADA could test the $2.20–$2.60 zone. However, if the token fails to hold above $1.19, a correction could follow, leading to consolidation before another upward move.
Read Also: Solana Surges After President Trump Announcement: Is a 2x Spike Coming? SOL Price Analysis
ADA Price Forecast and Potential Challenges
Market sentiment remains bullish, with analysts watching whether ADA’s price can maintain momentum above $1.10–$1.20. The 2.613 Fibonacci extension aligns with a $2.60 target, but price stability above intermediate levels such as $1.50–$1.80 is necessary for continued gains.
Moreover, Trump’s involvement has created a lot of noise, but traders should be careful about price swings. If ADA cannot breach through $2.00, then it will fall back to the $1.10-$1.20 range before resuming its advance.
Observe ADA in the coming days as it approaches meaningful resistance levels, especially with more substantial trading volumes and strong technical trends.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
