Cardano (ADA) has surged 73% from its recent lows of $0.57, reaching a 12-week high of $1.19. The rally comes in response to U.S. President Donald Trump’s directive to establish a Strategic Crypto Reserve that includes ADA, Solana (SOL), and XRP. This historic move has shifted investor sentiment, driving a sharp increase in ADA’s value.
Trump’s Strategic Crypto Reserve Boosts ADA
The primary catalyst for ADA’s price spike is Trump’s executive order to include specific cryptocurrencies in a U.S. Strategic Crypto Reserve.
Key Takeaways:
- On March 2, Trump directed the President’s Working Group on Digital Assets to include XRP, Solana, and Cardano in the reserve.
- Later, he added Bitcoin (BTC) and Ethereum (ETH), emphasizing their importance as core assets.
- This move signals a major policy shift, positioning crypto as a strategic asset class.
- Trump’s announcement aims to revitalize the crypto industry following years of regulatory scrutiny.
Following this news, ADA’s price jumped 70% within hours, peaking at $1.20.
Also Read: Bitcoin Soars to $93K as XRP Flips Ethereum in Stunning Market Shakeup
Whale Accumulation Drives ADA Price Higher
Data from market intelligence firm Santiment reveals that large investors, often referred to as whales, have been accumulating ADA aggressively.
Key Metrics:
- Wallets holding between 10 million and 100 million ADA have significantly increased their holdings.
- Over the past three days, whales have accumulated 130 million ADA tokens.
- DappRadar reports a 157% surge in unique active wallets (UAWs) on the Cardano network.
- Daily transactions have spiked by over 200%, reaching 17,120.
- Total Value Locked (TVL) in Cardano’s ecosystem has climbed 54%, from $323 million to $499 million.
This accumulation suggests strong confidence in ADA’s future, as whale activity often precedes sustained price rallies.
DefiLlama.
ADA Must Hold Above $1.00 to Maintain Momentum
ADA’s latest surge has flipped key resistance levels into support. Data from Cointelegraph Markets Pro and TradingView show ADA holding above $1.05.
Analysts’ Insights:
- Crypto analyst Arvid Crypto noted that ADA has executed a “high-volatility breakout” and is forming a bullish consolidation around $1.05.
- Popular trader Kwantxbt identified key resistance at $1.19 and support at $1.05, stating that ADA remains bullish if it holds above $1.05.
With strong fundamentals and bullish technical indicators, ADA’s uptrend may continue, provided it maintains critical support levels.
$ADA/USDT – Breakout & Retest in Play!#Cardano just executed a high-volatility breakout, pushing past key liquidity zones! Now, it's forming a potential #bullish consolidation around $1.05.
— Arvid Crypto (@arvid_crypto) March 3, 2025
🔹Price action shows a reaccumulating phase after the impulse move
🔹If this level… pic.twitter.com/S5uC7ykbX7
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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