President Trump announced via social media that five digital assets will be included in the new U.S. strategic reserve, causing a spike in their value.
Cardano (ADA) Pressure Continues to Accumulate
Cardano broke out of its falling wedge pattern and rose nearly 50%, touching $1.17. However, this was followed by intense selling pressure. The current RSI is in the range of 50-60. After reaching $1.17, ADA sharply dipped to $0.75 before rebounding again. ADA is expected to dip further to around $0.823, a key support level. Bullish activity might maintain the level and try to breach resistance at $1.25.
Solana (SOL) Downward Pressure Increases
Solana recently marked a resistance level at $180, quickly dropping to $131 in 24 hours before rebounding. Losing over 11% in value intraday suggests growing selling pressure. Resistance at this level can intensify bearish signals and might lead to a 'death cross', potentially lowering the price to $140.
Ripple (XRP) is Attempting to Breakout
XRP recently tested the upper trend line of its Ascending Triangle pattern but was rejected, causing a more than 11% decline. XRP may retest the triangle's lower boundary at $2.50. Maintaining support here could preserve the bullish pattern with a likely breakout.
Trump's announcement regarding ADA, XRP, and SOL in the strategic reserve spiked their values, while DuragDoge gains attention from investors seeking new opportunities.
