Trump’s crypto strategic reserve sparks Cardano rally

Cardano increased by more than 75% following its inclusion in the Crypto Strategic Reserve Reserve Reserve Plan of the American President.

After the Strategic Cryptography Reserve of March 2 announcement By Trump, Cardano (ADA) The price soar, going from a hollow of $ 0.6,461 to $ 1.13, according to crypto.News price tracker.

In the past 24 hours, the lag volume of the token increased by 1,450% massive, with an average of $ 9.7 billion and increasing market capitalization to 36 billion dollars. The wider market of cryptography has also experienced a boost, with more than $ 300 billion in capital appreciation.

With a strong advance of more than $ 0.82, a crucial resistance zone, the price action indicates that Cardano emerges from a prolonged consolidation phase. After peaking at $ 1.20, the rally has marginally traced $ 1.00, where it stabilizes now. The high purchase request was confirmed by notable overvoltage.

The index of force relative has briefly affected the surachat levels above 75 before cooling at 62, indicating that Cardano remains in bullish territory but could see a short-term consolidation. The exponential mobile average at 0.8255 and the simple mobile average at 0.9350 both signal a purchase, supporting the upward trend.

If Cardano has more than $ 1.00, the next major level of resistance to monitor is around $ 1.20, with a potential movement to $ 1.50 if the momentum continues. Lowering, the support is nearly $ 0.82, with $ 0.80 acting as a critical psychological level.

An important catalyst Because Cardano in the near future could be the approval by the Securities and Exchange Commission of the United States of the FNB Cardano de Graycale. If it is approved, it would be the first ETF in the United States dedicated only to ADA, making it more accessible to traditional investors and possibly promote long-term growth.