Why does Cardano (ADA) rise today?

Cardano (LeadHe was strongly recovered, as 60 % of a decrease of $ 0.64 on March 2 increased to reach the highest level in 12 weeks at $ 1.19. The recovery comes after President Donald Trump directed a “proceeding” working group with a strategic coding reserve, including Solana (Teller), XRP (XrpADA.

Let’s take a closer look at all the main factors that pay the ADA price today.

President Donald Trump’s strategic encryption reserves

The most urgent catalyst for Cardano’s prices today is US President Donald Trump’s executive Create strategic encryption reserves.

What do you know:

• In a publication on March 2 on the real social media platform, President Trump open He has directed The main working group on digital assets To include XRP, Solana and Cardano in the Crypto Strategic Reserve.

• Later, Trump added Bitcoin (BTC) And the fragrance (Eth) To the list of encryption assets that will be included, with confirmation that it will be in the “heart of the reserve”.

• This declaration represents a historical shift in the US policy towards digital assets, indicating the government’s support for encrypted currencies as a strategic asset class.

• Trump stressed that this reserve aims to enhance the encryption industry after he described it as years of organizational hostility under the previous administration.

• The market reaction was quickly, as ADA witnessed a 70 % increase in prices within hours of the announcement, as it amounted to about $ 1.20.

The accumulation of whales enhances the price of ADA

The ADA gathering on March 3 preceded a remarkable accumulation between big investors, often referred to as whales, according to Market Intelligence Santiment data.

Main points:

• VIPs, who carry between 10 million and 100 million Ada, are steadily acquired more distinctive symbols yet The latest crash To $ 0.57.

• Over the past three days, these whales have added more than 130 million ADA symbols to their property.

In addition, DAPPRADAR Reveal Increased unique active portfolios (UAWS) on Cardano, indicating fresh capital flows.

• Cardano has seen a 157 % increase in UAWS over the past 24 hours to 3,720.

• Daily transactions also jumped by more than 200 % to 17,120 in the same time frame.

• This indicates the increasing adoption and attention in Ada.

• The creation of a new portfolio is often associated with new users who enter the ecosystem, which can pay for demand and price.

• This is also evident through growth Total closed value (TVL) on Cardano Network.

• This scale jumped 54 % from $ 323 million on March 2 to $ 499 million on March 3.

The Ada price must exceed $ 1.00

On March 2, the Cardano Rally witnessed the main levels of support, including all the main intermediates and psychological levels at $ 1.00.

Data from Cointelegraph Markets Pro and Tradingvief ADA trading showed higher than this level at $ 1.05.

“Cardano has just carried out a high voltage outbreak, prompting the main liquidity areas!” He said Arvid Crypto Lieutenant at 3 March on X.

The analyst said that Price ADA is now “the formation of a potential upscale unification of about $ 1.05,” adding that Altcoin should exceed $ 1.00 to continue the “next station.”

“If this level stands, expect a continuation towards liquidity.”

“ADA showed a strong standard of about $ 1.06-1.07 after an impressive 61 % increase,” He said KWANTXBT Popular Officer, adding that the scale of the decrease indicates the entry to the accumulation stage.

For KWANTXBT, the main levels that must be monitored for the ADA price are resistance at $ 1.19 on the upper side and immediate support at $ 1.05 on the negative side.

“It looks rising with the possibility of lifting another leg if it is more than $ 1.05.”

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.