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Cardano Analysis: ADA drops after a 70% surge following Trump's backing of the Strategic Cryptocurrency Reserve

03/03/2025 08:12:00 GMT|By Manish Chhetri|Verified Translation See original article

The price of Cardano drops 11.5% on Monday after recovering 72.15% the previous day.

The announcement by U.S. President Donald Trump about a 'Strategic Crypto Reserve' boosted the price of ADA.

On-chain and technical outlooks suggest a continuation of the rally as open interest and trading volume for ADA increase.

The price of Cardano (ADA) trades down 11.5%, around $1 at the time of writing on Monday, after a recovery of more than 70% the previous day. The announcement by U.S. President Donald Trump on his Truth Social platform regarding a 'Strategic Crypto Reserve' in the U.S. boosted the price of Cardano on Sunday. On-chain and technical outlooks suggest a continuation of the recovery as open interest and trading volume for ADA rise.

Donald Trump's announcement about the 'Strategic Cryptocurrency Reserve' boosts the price of Cardano

U.S. President Donald Trump announced on his Truth Social platform on Sunday a 'Strategic Crypto Reserve' for the U.S., which includes Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), Solana (SOL), and Cardano (ADA), aimed at boosting America's cryptocurrency leadership.