Cardano (ADA) Price Prediction for March 3
Cardino blockchain’s local token Ada appears to be bullish and is expected to hold a major upside rally following the latest announcement from Donald Trump. Recent crypto strategic reserve announcements have driven the wider cryptocurrency market, especially the ADA, resulting in a 70% uptrend.
Cardano (ADA) technical analysis and upcoming levels
This important price rally triggers a breakthrough in the bullish price action pattern formed by the ADA over the weekly time frame.
According to expert technical analysis, ADA violated bullish flag and pole price action patterns over the weekly time frame. This pattern began to form in December 2024, and since then, prices have tended to decline. However, today’s 70% rise rally violates this bullish pattern, paving the way for potential 90% rise action.
Based on recent price action and historical momentum, if Aida Close a candle above $1.05 per week and it is very likely to reach 90% of the results to $1.90 in the future.
Current price momentum of ADA
After this significant price surge, the ADA once again exceeded 200 exponential moving averages (EMAs) in the daily time frame, indicating that the assets are now moving to an uptrend.
ADA is currently trading at close to $1.05, soaring more than 70% in the past 24 hours. However, a large part of this rally took place within the last 120 minutes. During the same period, the trading volume of assets increased by 800%, indicating an increase in traders and investors’ participation in the ADA Crypto Strategic Reserves.
