Ada, the native token of the Cardano Blockchain, seems Bullish and is ready for a considerable upward meeting after the last announcement by Donald Trump. The recent announcement of the crypto strategic reserve has fueled the wider cryptocurrency market, in particular ADA, which results in an upward momentum of 70%.
Cardano (ADA) Technical analysis and upcoming levels
This considerable price rally has activated an outbreak of the bullish price action pattern that Ada has formed on the weekly period.
According to the technical analysis of experts, ADA is broken from a bullish flag and pile price pattern on the weekly time frame. This pattern began to form in December 2024, with the price that has since moved in a downtrend. Today’s upward rally 70%, however, has broken this bullish pattern, so that the road is cleared for a potential upward movement of 90%.
Based on recent price action and historic momentum, as Ada Close a weekly candle above the $ 1.05 level, there is a strong possibility that it can rise 90% to reach $ 1.90 in the future.
Ada’s current price momentum
Following this remarkable price destination, ADA has again moved above the 200 exponential advancing average (EMA) on the daily period, indicating that it is now shifting actively in an upward trend.
ADA is currently being traded near $ 1.05 and has risen by more than 70% in the last 24 hours. However, a significant part of this rally took place within the last 120 minutes. In the same period, the trade volume of the active rose by 800%, which points to increased participation of traders and investors after the inclusion of ADA in the strategic reserve of Crypto.
