Cardano ADA has shown significant growth driven by statements from Donald Trump, invigorating the cryptocurrency market.
Cardano Price Analysis: Key Levels for the Altcoin
ADA has broken out from a bullish flag pattern forming since December 2024. Following a 70% surge, it could rise further if the weekly close is above $1.05, with a potential target of $1.90.
If ADA closes above $1.05 for the week, it could rise by 90% to reach $1.90.Technical analysis expert
Current Status and Expectations for ADA Price
With its recent increase, ADA has risen above the 200 EMA, indicating an upward trend. It’s expected to test $1.50 if the price remains above $1.05, otherwise, it might fall back to $0.85.
Trading Activity and Interest in ADA
ADA's trading volume has risen by over 800%, signaling growing buyer interest in the altcoin.
Cardano ADA's market position remains positive if it holds above critical levels, which may attract further investor attention.
