Cardano ($ADA) caught a massive wave on March 2, 2025, spiking more than 75% after U.S. President Donald Trump named it in his proposed Crypto Strategic Reserve plan.
The announcement, dropped on Truth Social, lit a fire under the crypto market, with Cardano rocketing from $0.6461 to a peak of $1.13 before settling around $1.00, according to crypto.news price data. That’s a hell of a run in just a day, and it’s not alone—the broader crypto scene gained over $300 billion in market cap as investors piled in.
Trading volume for ADA went through the roof, up 1,450% in the past 24 hours, averaging $9.7 billion. That frenzy pushed its market cap to $36 billion, showing some serious muscle. The price action tells a story too—it smashed through a key resistance at $0.82, shaking off months of consolidation. After topping out at $1.20, it’s pulled back slightly but looks comfy around $1.00 now, with heavy buying demand backing it up.
Looking at the charts, the Relative Strength Index (RSI) hit overbought territory above 75 before cooling to 62—still bullish but hinting at a breather soon. Both the exponential moving average (0.8255) and simple moving average (0.9350) are flashing buy signals, which keeps the uptrend looking solid. If Cardano can hold steady above $1.00, it might test $1.20 again, and maybe even make a run at $1.50 if the momentum keeps rolling. On the flip side, $0.82 looks like decent support, with $0.80 as a mental floor for traders to watch.
Trump’s shoutout wasn’t just about Cardano—he named XRP, Solana, and later Bitcoin and Ethereum too, aiming to make the U.S. the “Crypto Capital of the World.” But Cardano’s surge stole the show, especially with chatter about Grayscale’s spot Cardano ETF maybe getting an SEC nod soon. If that ETF clears, it’d be the first of its kind in the U.S., opening the door for traditional investors to jump in without touching wallets. That could be a game-changer for long-term growth, though nothing’s set in stone yet.
For now, Cardano’s riding high on this news, but crypto’s a wild beast—could keep climbing, or we might see a cooldown if profit-takers step in. Either way, it’s got everyone’s attention.
