Cardano Sees Over 75% Surge After Inclusion in Proposed U.S. Crypto Strategic Reserve Plan

Following the recent announcement of U.S. President Donald Trump’s proposed crypto strategic reserve plan, Cardano’s ADA token has surged over 75%, with its price skyrocketing from a low of $0.6461 to $1.13. This significant price increase has led to a substantial rise in trading volume, with a 1,450% increase in the past 24 hours, averaging $9.7 billion and boosting its market capitalization to $36 billion.

Market Impact and Technical Analysis

The broader crypto market has also seen a boost, with over $300 billion in capital appreciation. Cardano’s strong advance over $0.82, a crucial resistance zone, indicates that the token is emerging from a prolonged consolidation phase. After peaking at $1.20, the rally marginally retraced to $1.00, where it is now stabilizing. Strong buying demand has been confirmed by the notable volume surge.

Technical analysis suggests that Cardano remains in bullish territory but could see short-term consolidation. The relative strength index briefly touched overbought levels above 75 before cooling to 62. The exponential moving average at 0.8255 and simple moving average at 0.9350 both signal a buy, supporting the uptrend.

Key Levels to Watch and Future Catalysts

If Cardano holds above $1.00, the next major resistance level to watch is around $1.20, with a potential move toward $1.50 if the momentum continues. On the downside, support sits near $0.82, with $0.80 acting as a critical psychological level.

An important catalyst for Cardano in the near future could be the U.S. Securities and Exchange Commission’s approval of Grayscale’s spot Cardano ETF. If approved, it would be the first ETF in the U.S. dedicated solely to ADA, making it more accessible to traditional investors and possibly promoting long-term growth.

“A strategic reserve plan that includes a diverse range of cryptocurrencies like Cardano could potentially promote long-term growth and adoption in the U.S. market.”

For the latest news and updates on Cardano and the broader crypto market, visit Global Crypto News.

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