Cardano Surges 43% on Trump's ADA Inclusion Hint

Cardano's price has surged by 43% to reach $0.95, with bulls aiming for the $2.00 mark in the near term. This rally comes after US President Donald Trump hinted at the inclusion of ADA in the US Strategic Reserve. The daily trading volume for Cardano has soared by 1714% to $10.4 billion as of March 3, 2025.

US President Donald Trump has confirmed his administration's intention to proceed with a Crypto Strategic Reserve, which will include altcoins such as XRP, SOL, and ADA, in addition to Bitcoin. The Strategic Reserve aims to transform the US into the crypto capital of the world, with Bitcoin taking up the lion's share and ADA and other altcoins sharing the remaining portion.

Cardano's price outlook suggests a potential rally to $2.00. The price has broken out of a falling wedge channel, indicating intense buying momentum after a prior downtrend. Despite a slight pullback to $0.95, Cardano's price remains above key moving averages, validating the bullish sentiment. If ADA continues its upward momentum, the first resistance could emerge near $1.12, aligning with previous peaks. A stronger breakout could test the $1.40 zone, while a decisive push beyond this level may open doors for further gains. However, failure to sustain above $1.12 could invite selling pressure, dragging the price back to support levels at $0.85, $0.80, and $0.67.

Cardano is riding a strong bullish wave despite the slight retracement. The token has shown resilience, breaking past lower resistance levels and now eyeing the $1.40 mark as the next hurdle. A decisive breakout above this level could open the path toward the highly anticipated $2.00 target. With the rising trading volume and favorable technical indicators, including bullish RSI and strong moving averages, ADA appears well-positioned for further gains. However, any rejection at resistance may lead to a short-term pullback before another attempt to push higher.

A closer look at the Relative Strength Index (RSI) shows a slight pullback from overbought conditions, currently reading 59.52. This short-term retracement was essential for the bulls