$ADA Cardano price trades down by 11.5% on Monday after rallying 72.15% the previous day.

US President Donald Trump’s announcement of a US ‘Crypto Strategic Reserve’ boosted ADA price.

On-chain and technical outlook suggest a rally continuation as ADA’s open interest and trading volume rise.

Cardano (ADA) price trades down by 11.5%, around $1 at the time of writing on Monday, after rallying more than 70% the previous day. US President Donald Trump’s announcement on his Truth Social platform of a US ‘Crypto Strategic Reserve’ boosted Cardano’s price on Sunday. On-chain and technical outlook suggest a rally continuation as ADA’s open interest and trading volume rise.

Donald Trump’s announcement of ‘Crypto Strategic Reserve’ boosts Cardano price

US President Donald Trump announced on his Truth Social platform on Sunday a US ‘Crypto Strategic Reserve,’ including Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), Solana (SOL), and Cardano (ADA), aiming to boost America’s crypto leadership.