Ada, the native token of Cardano’s blockchain, seems bullish and is ready for a significant increase rally after Donald Trump’s last announcement. The recent Crypto Strategic Reserve Announcement has fueled the wider market of cryptocurrencies, in particular the ADA, resulting in 70%momentum.
Cardano (ADA) Technical analysis and upcoming levels
This large price rally triggered an escape from the Haussier price action model that ADE trained on the weekly time.
According to an expert technical analysis, ADA has emerged from a sworn flag and pole price scheme on the weekly time. This model began to train in December 2024, the price moving in a downward trend since then. However, the 70% increase rally today violated this bullish model, opening the way to a potential movement of 90%.
Based on the action of recent prices and historic momentum, if Ada closes a weekly candle above $ 1.05, there is a strong possibility that it can rise to 90% to reach the bar of $ 1.90 in the future.
ADA’s current prices momentum
After this significant price overvoltage, ADA has again exceeded the exponential mobile average (EMA) on the daily time, indicating that the assets now move in an upward trend.
ADA is currently negotiating nearly $ 1.05 and has jumped more than 70% in the past 24 hours. However, an important part of this rally occurred in the last 120 minutes. During the same period, the volume of negotiation of the asset jumped 800%, indicating increased participation of traders and investors after the inclusion of ADA in the cryptographic strategic reserve.
