Cardano ADA surges 23% to $080 as Cronos CRO rallies 21% to $089 in volatile crypto market

This week, the cryptocurrency market exhibited significant volatility, with several tokens experiencing substantial gains while others faced notable declines. The market's divergence highlighted the sector-specific nature of current conditions, rather than a uniform trend across all digital assets.

Cardano [ADA] emerged as one of the week's top performers, surging 23% from $0.65 to $0.80. The smart contract platform's remarkable comeback began with a massive green candle on March 3, propelling ADA from $0.65 to $0.85 in a single session. Despite facing profit-taking that temporarily pushed prices back to $0.80, ADA staged another impressive rally on March 5 and 6, testing the psychologically significant $1.00 resistance. Although bulls couldn't sustain momentum above this level, the token established solid support around $0.80. Trading volume reached yearly highs during the early-week surge, indicating strong institutional interest. The sustained buying pressure comes amid growing ecosystem development and increased adoption of Cardano’s blockchain solutions. Technical indicators remained firmly bullish despite the recent consolidation, with the RSI holding above 60 without entering overbought territory. ADA’s ability to hold above the previous resistance at $0.80 suggests this level may now serve as strong support.

Cronos [CRO] also showed strength, surging 21% from $0.073 to $0.089. The exchange token demonstrated remarkable resilience after finding strong support at the $0.070 level, which proved to be a significant accumulation zone for investors. The token’s recovery began on March 5 after briefly touching $0.070, with steady buying pressure establishing a series of higher lows that confirmed a trend reversal. The most impressive price action occurred on March 6, when CRO posted a substantial green candle that pushed prices from $0.077 to $0.088 in a single session, breaking through several key resistance levels. Technical indicators strongly support the bullish case, with the RSI climbing above 50 while avoiding overbought conditions. This suggests the rally has room to continue without immediate risk of a pullback. Additionally, trading volume increased significantly during the upswing, reaching nearly 20 million USD on March 9, indicating genuine market interest rather than a low-volume pump. On the longer-term