"ADA Surges 80%: Trump's Crypto Reserve Boosts Cardano"

Cardano, the cryptocurrency known for its innovative blockchain platform, has been making waves in the market following a significant announcement by the U.S. President. On Sunday, Cardano (ADA) experienced an impressive 80% pump, driven by the news of a "Crypto Strategic Reserve" that includes ADA among its components.

Earlier this month, U.S. President Donald Trump announced the establishment of a "US Crypto Reserve," which would consist of Cardano, XRP, and Solana (SOL), with Bitcoin (BTC) and Ethereum (ETH) at its core. The announcement sent many cryptocurrencies into a weekend rally, as investors sought to reclaim recently lost support levels.

ADA, the native token of the Cardano blockchain, has been in a downtrend since December 2022, when it reached its 3-year high of $1.32. However, the token failed to maintain the $1 support level in mid-January, and the February market retrace sent its price below several key support zones. ADA has been hovering between the $0.60-$0.80 price range since then.

Following Trump's announcement, Cardano rose by 60% in just two hours, climbing from $0.64 to the $1 barrier for the first time in over a month. ADA continued its surge in the following hours, recovering over 80% from its Friday low of $0.58. On Sunday, ADA hit a two-month high of $1.17 before retracing over 20% to the key $0.90 support zone.

Cardano investor Sebastian noted that the retest of the $0.92 level was "perfectly normal after such an insane move." He suggested that ADA could consolidate within the $0.90-$1.00 range for a few days before resuming its ascending trajectory. Moreover, he asserted that if ADA breaks above its December high, the token could likely see a new all-time high (ATH) soon.

Crypto analyst Ali Martinez stated that Cardano "could be poised for a rally to $2.20." According to the post, investors should "watch for a 12-hour candlestick close above $1.19" to confirm the bullish break