#ADABullish #ADABullish #ADAAnalysis

Cardano (ADA) Gaining Speed on the Road to $2?

$ADA rallies past $1.06 with a 60% surge.

ADA’s daily volume soars by 1,455%.

With an 8.80% surge, the crypto market cap has rebounded to $3.09 trillion. The recent announcement of US President Donald Trump’s Crypto Reserve, which includes Cardano, has reflected a major price surge, rallying over 60.95% after a prolonged downtrend.

ADA has reclaimed the $1 and surpassed the level for the first time in over a month and emerged as the top gainer. The ADA community is abuzz following the announcement.

In the early hours, ADA traded at the lowest level, at $0.6461. After the wake of the bulls, the price has mounted to the daily high of $1.13. It has broken the crucial resistances at $0.8623 and $1.02.

At the time of writing, Cardano trades at $1.06 with its daily trading volume reaching $9.24 billion. Notably, the market has witnessed a $67.61 million ADA liquidation during the period.

Cardano has gained over 42.88% in the past seven days. The asset began trading at a low of $0.7443. ADA failed to enter the bullish territory and further slipped to the weekly low of $0.5824.