ADA, the native token of the Cardano blockchain, looks bull and is ready for a significant mischief with the potential after the last announcement of Donald Trump. The recent announcement of the crypto strategic reserve caused a wider cryptocurrency market, especially the ADA, which led to a 70% pulsed.
Technical analysis of Cardano (ADA) and upcoming levels
This significant price of prices caused a breakthrough of the bull scheme for the price that ADA formed for weekly deadlines.
According to expert technical analysis, the ADA escaped from the bull flag and the template of actions at the price of the pole in weekly. This model began to form in December 2024, since then the price has been moving in a descending trend. Nevertheless, today’s rally of 70% of growth was violated by this bull -free sample, laying the path to a potential step by 90%.
Based on the recent price action and historical impulse, if the ADA closes the weekly candle above the level of $ 1.05, there is a high probability that it can take off by 90%to reach the mark of $ 1.90 in the future.
The current price of hell
After this noticeable increase in the price of the ADA, it again exceeded the 200th Emindic sliding average (EMA) in the daily time, which indicates that the asset is now moving into an upward trend.
ADA is currently trading about $ 1.05 and has increased more than 70% over the past 24 hours. However, a significant part of this rally occurred over the past 120 minutes. During the same period, the volume of the activation of the asset increased by 800%, which indicates the increased participation of traders and investors after the inclusion of ADA in the crypto -strategic reserve.
