- Cardano shot up 37% in the past week, reclaiming the 20 and 200-day EMAs.
- ADA was mentioned alongside SOL, XRP, BTC, and ETH for the US crypto reserve.
- CryptoRank.io said that ADA is one of the top winners under Trump’s administration.
Cardano (ADA) has surged 16.48% over the past 24 hours reaching $0.9379 and claiming the eighth position in market rankings. Data from CoinMarketCap also shows ADA has been rising 37.12% in the last seven days. This has helped ADA reclaim key EMAs, notably the 20-day and 200-day exponential moving averages (EMAs).
ADA Reclaims Key EMAs, Bullish Momentum Builds
This rally comes in response to United States President Donald Trump’s announcement of the inclusion of ADA in the US Strategic Crypto Reserve alongside Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL).
The 20-day EMA at $0.8066 and the 200-day EMA at $0.7353 are acting as important support levels for ADA. Moving back above these levels points to a strong bullish trend. ADA’s ability to break through and hold above these levels validates growing bullish sentiment among traders and investors.
Related: Trump Taps XRP, ADA for US Crypto Reserve, Ripple and Cardano Finally Get Along
Also, after Trump’s announcement, on-chain data revealed that whales have gathered over 420 million ADA tokens. Prominent crypto analyst Ali Martinez highlighted this significant accumulation, pointing to increasing institutional interest in ADA.
ADA Price Analysis: RSI Indicates Upside Potential
Analyzing ADA Price: The Relative Strength Index (RSI) is currently at 56.97, with a previous reading of 44.56. This suggests that ADA is neither overbought nor oversold. This leaves room for further upside potential if buying pressure remains.
MACD Confirms Bullish Trend for Cardano
Meanwhile, the Moving Average Convergence Divergence (MACD) shows that the MACD line (blue) is above the signal line (orange), suggesting bullish pressure. Additionally, the MACD histogram turned green after a bullish crossover, confirming that ADA is in an accumulation phase and could see further price appreciation.
Cardano’s Strong Position in US Crypto Policy
According to the latest CryptoRank.io analysis, ADA is one of the biggest winners of the US crypto policy shift. The project has gained traction because of its solid blockchain capabilities, continuous development efforts, and recent inclusion in US policy discussions.
Related: Cardano Target After Price Swings 72% Then Corrects: Analyst Forecasts $2.50 ADA by March 5
Being mentioned alongside BTC, ETH, XRP, and SOL strengthens Cardano’s position as a major player in the crypto sector.
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