Cardano 125% Pump Coming? Analyst Says ADA ‘Could Be Poised’ For Rally To $2.20

Quick Summary:

Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Cardano Attempts Reclaiming $1 On March 2, US President Donald Trump announced the establishment of a "US Crypto Reserve” comprised of Cardano, XRP, and Solana (SOL), with Bitcoin (BTC) and Ethereum (ETH) at the heart of the strategic reserve.

On his social media platform, Truth Social, Trump stated the strategic reserve would "elevate the critical industry after years of corrupt attacks by the Biden Administration.” The announcement sent many cryptocurrencies into an end-of-week pump to reclaim some recently lost support levels.

ADA’s New High Could Be Near Crypto analyst Ali Martinez stated that Cardano "could be poised for a rally to $2.20.” According to the post, investors should "watch for a 12-hour candlestick close above $1.19” to confirm the bullish breakout and target an 84% jump from the breakout level.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Cardano Crypto analysts Crypto reserve Cryptocurrency Market News Crypto analyst Crypto trader Donald Trump ADAUSDT Crypto investor Crypto market retrace Cardano price Analysis Crypto market recovry ADA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 08:00:13 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26659568

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