Cardano Surges Over 70% After Inclusion in US Strategic Crypto Reserve

Donald Trump's announcement of a US Strategic Crypto Reserve led to a surge in Cardano's price, increasing over 70% within 24 hours.

Key Points on Cardano ($ADA)

Investor volume significantly increased following the announcement
Current trading price is approximately $0.9546
Cardano is showing bullish indicators, including:
- Respecting the 50 EMA on the weekly chart
- Bouncing off established support/resistance zones
- Break and retest patterns on both weekly and daily charts
- Upward sloping major moving averages on daily chart
- Inclusion in Trump’s US Crypto Reserve
- Potential Cardano ETF launch
Resistance level at $1.30 presents a challenge
Long-term predictions suggest a potential rise to $3.10 by 2025

Institutional buying has also spiked, with reports of whales purchasing around 420M $ADA recently. Additionally, the anticipated Cardano ETF could further boost participation and price.

Overall, while Cardano shows strong bullish signals, investors should remain cautious and conduct thorough research before investing.