Cardano 125% Pump Coming? Analyst Says ADA ‘Could Be Poised’ For Rally To $2.20
Cardano (ADA) saw a large number of 80% pumps on Sunday after the U.S. president announced that it would have a “strategic reserve” including the ADA. When cryptocurrency retests its main support level, some analysts believe it may get 125% of the rally from its current level.
Cardano attempts to recover $1
On March 2, US President Donald Trump Announce Establishing a “US Crypto Protected Area” composed of Cardano, XRP and Solana (Sol), Bitcoin (BTC) and Ethereum (ETH) are at the heart of the strategic reserves.
Trump said on his social media platform that the strategic reserve will “elevate key industries after years of corruption attacks on the Biden administration.” The announcement sent many cryptocurrencies into weekend pumps to recoup some of the recently lost levels of support.
The ADA has been on a downtrend since December, when its three-year high was $1.32 but failed to hold $1 in mid-January support. Market backtracking in February puts cryptocurrency prices below several key support areas, with tokens hovering between the $0.60-$0.80 price range.
Cardano after Trump’s announcement Rose In two hours, 60% of people rose from $0.64 to the first obstacle over a month. The ADA continued to surge in the next few hours, recovering more than 80% from Friday’s low to $0.58 low.
Ada hit a two-month high of $1.17 on Sunday, then recycled over 20% of the $0.90 support zone. Cardano Investor Sebastian Famous The retest at the $0.92 level is “completely normal after such a crazy move”.
Investors suggest it can consolidate the $0.90-$1.00 range in a few days before returning to its upward trajectory. Additionally, he asserted that if Ada broke through its December high, the token could soon see a new all-time high (ATH).
Ada’s new heights may be close to
Crypto analyst Ali Martinez statement That Cardano “can pre-convene a $2.20 rally.” According to the Post, investors should “note the 12-hour candlestick over $1.19” to confirm the bullish breakout and stay away from the breakout level at 84%.
Martinez is also Highlight That whale has purchased more than 420 million ADAs in the past 24 hours, which may indicate strong sentiment among large investors about cryptocurrencies.
Meanwhile, Sjuul from AltCryptogems confirm The Cardano chart shows “3 powers in production.” This model divides the price cycle into three stages: accumulation, manipulation, and distribution.
The first phase consists of a recent high merger after strong prices. The second phase sees the price of the token below the support level in the cumulative phase and trades within the range below the recently lost area.
In the third phase, a strong price breakthrough occurred, with power building and participants entering the market. According to Sjuul, “the chart will never lie”, Cardano enters distribute The phase after the pump on Sunday shows that the ADA can quickly retest the December highs.
As of this writing, ADA is trading at $0.91, a 9.9% review over the daily timeframe.
