Cardano ADA News:ADA Soars 60% Amid Trump’s Crypto Strategic Reserve Announcement

In a significant move that has sent shockwaves through the cryptocurrency market, Donald Trump has announced plans to add Cardano (ADA), Solana (SOL), and XRP to the US’s Crypto Strategic Reserve. This announcement has led to a surge in the value of Cardano, with the cryptocurrency seeing gains of nearly 60% in just one day.

Cardano (ADA) Leads Market Rally After Trump’s Crypto Strategic Reserve Announcement

The cryptocurrency market experienced a green day with some assets recovering slowly while others, like Cardano (ADA), Solana (SOL), and XRP, saw significant gains. Cardano led the rally with a nearly 60% rise over the past day due to Donald Trump’s announcement about adding ADA, SOL, and XRP to the US’s Crypto Strategic Reserve. The Cardano market had a good run over the past couple of months but February was bearish. Trump’s news came as a gamechanger for ADA, which started 2025 at a high of $1 but dipped to $0.5648.

Cardano Surges 60% After Trump’s Crypto Reserve Announcement

Cardano (ADA) has made headlines after President Trump included it in the U.S. Crypto Strategic Reserve, alongside XRP, SOL, BTC, and ETH. This announcement sparked excitement in the Cardano community, leading to a massive 60% price surge and making ADA the biggest gainer among major cryptocurrencies. Meanwhile, Cardano founder Charles Hoskinson addressed rumors about a possible U.S. government crypto role, denying involvement but assuring that ’good things are coming.’

Cardano Surge To $1.17 Triggers Overbought Warnings

Cardano’s recent price surge has been impressive, with ADA climbing to challenge the $1.17 resistance level. Overbought conditions may precede a period of consolidation or correction. A temporary slowdown or pullback could occur if buyers fail to break through this level. A successful breach could lead to further gains.

Cardano (ADA) Price Prediction for March 3, 2025

As of now, Cardano (ADA) is trading at $0.9667 after a modest 1.02% decrease in the last 24 hours, but it has surged 33.99% in the past 7 days. This mix of short-term corrections and recent gains sets the stage for our detailed price prediction. Despite today’s minor drop, ADA’s performance over the last 7 days has been impressive, indicating renewed investor interest and a short-term rally. Technical analysis tools such as moving averages are being used to smooth out price fluctuations and reveal the underlying trend.