Cardano Soars 75% Following Inclusion in Trump’s Crypto Strategic Reserve Plan

Cardano has experienced a remarkable surge of over 75% following its inclusion in U.S. President Donald Trump’s proposed crypto strategic reserve plan. The announcement on March 2 sent Cardano’s price soaring from a low of $0.6461 to $1.13, according to data from crypto.news price tracker.

In just 24 hours, Cardano’s trading volume spiked by an incredible 1,450%, averaging $9.7 billion and boosting its market capitalization to $36 billion. The broader crypto market also benefited from this surge, with over $300 billion in added capital appreciation.

The price action indicates that Cardano has emerged from a prolonged consolidation phase, especially after breaking through the critical resistance level of $0.82. After reaching a peak of $1.20, the price retraced slightly to $1.00, where it is currently stabilizing. The surge in volume further confirms strong buying demand, supporting the bullish sentiment.

The Relative Strength Index (RSI) briefly touched overbought levels above 75 before cooling to 62, suggesting that while Cardano remains in bullish territory, some short-term consolidation may occur. The exponential moving average (EMA) at $0.8255 and the simple moving average (SMA) at $0.9350 both point to a continuing uptrend, signaling a buy.

Looking ahead, if Cardano manages to hold above $1.00, the next major resistance level to watch is around $1.20, with a potential move toward $1.50 if the momentum continues. On the downside, key support sits near $0.82, with $0.80 acting as a critical psychological level.

One potential catalyst for further growth could be the approval of Grayscale’s spot Cardano ETF by the U.S. Securities and Exchange Commission (SEC). If approved, this would be the first ETF in the U.S. dedicated solely to ADA, making Cardano more accessible to traditional investors and potentially fueling long-term growth.