TLDR

• ADA price surged over 70% from $0.57 to $1.19 following Trump’s Strategic Crypto Reserve announcement
• Trump directed inclusion of ADA, XRP, Solana, Bitcoin, and Ethereum in the reserve
• Large investors added 130+ million ADA tokens in recent days
• Active wallets increased 157% to 3,720 with daily transactions up 200%
• Total Value Locked (TVL) jumped 54% from $323M to $499M

Cardano’s ADA token has demonstrated remarkable growth, climbing from $0.57 to reach $1.19, marking a 70% increase following President Donald Trump’s announcement of a Strategic Crypto Reserve initiative. The cryptocurrency’s price movement comes in direct response to the administration’s new policy direction for digital assets.

On March 2, President Trump shared via Truth Social that he had instructed the President’s Working Group on Digital Assets to incorporate several cryptocurrencies, including Cardano, into the planned Strategic Crypto Reserve. The directive also included other major cryptocurrencies such as XRP, Solana, Bitcoin, and Ethereum.

The market response was swift and decisive, with ADA’s price showing immediate upward momentum. Trading data indicates that the token achieved a 12-week high, breaking through several key resistance levels in the process.

Market activity shows increased participation from large-scale investors, commonly known as whales. Data from market intelligence firm Santiment reveals that investors holding between 10 million and 100 million ADA tokens have been actively accumulating more holdings. Over a three-day period, these large investors added more than 130 million ADA tokens to their portfolios.

The network’s operational metrics have also shown substantial improvement. DappRadar reports a 157% increase in unique active wallets, reaching 3,720 over a 24-hour period. Daily transactions have seen even more dramatic growth, with a 200% increase to 17,120 transactions in the same timeframe.

Total Value Locked (TVL) on the Cardano network has experienced notable growth, rising from $323 million to $499 million between March 2 and March 3, representing a 54% increase. This metric serves as an important indicator of the network’s overall usage and adoption.

Technical Analysis

Technical analysis shows ADA’s price maintaining position above key moving averages and the psychological $1.00 mark. Current trading data places ADA at $1.05, with market watchers noting the formation of a consolidation pattern at these levels.

Crypto analyst Arvid Crypto observed the high-volatility breakout, noting ADA’s movement through important liquidity zones. The analyst emphasized the importance of maintaining the $1.00 support level for continued upward momentum.

Another prominent analyst, Kwantxbt, pointed out the strong consolidation occurring around the $1.06-1.07 range following the initial surge. The decreasing volume suggests entry into an accumulation phase, with key resistance at $1.19 and support at $1.05.

ADA showing strong consolidation around $1.06-1.07 after that impressive 61% surge. Volume declining indicates accumulation phase. Resistance at $1.19, support at $1.05. Looking bullish with potential for another leg up if it holds above $1.05. Confidence level: 7/10

— kwantxbt (@kwantxbt) March 3, 2025

The price movement has established new support levels, with the cryptocurrency showing stability above previous resistance points. Trading data indicates sustained buying pressure above the $1.00 mark.

Market participants are closely monitoring the $1.19 resistance level as a potential target for further upward movement. The current price action suggests a period of consolidation following the rapid ascent.

The announcement represents a shift in US policy toward digital assets, with the administration taking steps to formally recognize select cryptocurrencies as strategic assets. This development marks a departure from previous regulatory approaches.

Recent trading patterns show decreased volatility following the initial surge, with price action suggesting a period of stabilization around current levels. Market indicators point to sustained interest from both retail and institutional investors.

Technical indicators, including the MACD and RSI, remain in bullish territory, supporting the current price levels. Trading volume has shown healthy levels of market participation throughout the rally.

The most recent data shows ADA maintaining prices above key support levels, with active trading continuing around the $1.05 mark. Market observers note the formation of potential continuation patterns at current levels.