Cardano ADA News: Significant Price Correction and Market Dynamics After Weekend Rally

Cardano (ADA) Drops 20% After Weekend Rally

Cardano (ADA) has corrected below $1 after a weekend rally. Technical signals suggest increasing selling pressure. Traders are assessing key support and resistance levels to determine the next move. The BBTrend indicator, derived from Bollinger Bands, shows the selling pressure is getting stronger.ADA’s BBTrend indicator shifted from -14.5 to 7.1 within hours after being officially included in the US crypto reserve, signaling a momentum shift.

Trump’s Crypto Reserve Boosts Cardano 70%

Cardano (ADA) saw a significant surge of over 70% on Sunday following US President Donald Trump’s announcement of a US crypto reserve including Cardano, alongside Solana, XRP, Bitcoin, Ethereum, and other major cryptos. The Cardano price jumped from around $0.67 to near $1.12 but reversed sharply lower to around $0.86 on Monday as the broader crypto market succumbed to risk.

Cardano Surges 60% After Trump’s Crypto Reserve Announcement

Cardano [ADA] surged about 60% following U.S. President Donald Trump’s announcement of a national crypto strategic reserve. The news sent shockwaves through the market, igniting speculation about altcoins included like Cardano, XRP, and Solana [SOL]. Trading volume spiked as investors piled in, fueling hopes of a sustained breakout. However, traders are questioning if this momentum is sustainable or just a fleeting move.

Cardano Price Drop Today: Why $ADA is Falling?

After a dramatic surge to $1.1358 following former U.S. President Donald Trump’s crypto reserve plan announcement, Cardano ($ADA) has faced a sharp pullback. At the time of writing, $ADA is priced at $0.8207, marking a 22.69% decline in the last 24 hours. The overall market sentiment has shifted, with Cardano’s market cap now at $28.89 billion, falling 22.73%. The 24-hour trading volume has also dropped 29.62% to $6.47 billion. This decline suggests traders are taking profits after ADA’s explosive rally.