Cardano’s $ADA rallies nearly 20%, testing the $0.726 level.
Founder Charles Hoskinson hints at involvement in shaping U.S. crypto policies.
Bitcoin’s positive momentum propels Cardano’s potential $2.48 breakout.
Cardano’s ADA token jumped nearly 20% as it tested the critical $0.72 support level. Market analysts believe this rally could push the altcoin to its next target of $2.48, buoyed by Bitcoin’s bullish momentum and promising developments in U.S. cryptocurrency policies.
Looking at its past trends, the $0.726 support level has been a solid foundation for ADA’s upward movements. With this increased momentum, the ninth-ranked token is poised to reach the next major resistance level of $2.485. Technical indicators show ADA is in a strong uptrend, as seen in the RSI and MACD. The Relative Strength Index is above 50, indicating bullish momentum. The Moving Average Convergence Divergence shows a bullish crossover, confirming the upward trend.
This news fits with the broader market optimism. The positive sentiment around Bitcoin (BTC) has been key in driving ADA’s upward surge. As the dominant crypto asset continues its bullish run, it will lik…
The post Cardano (ADA) to $2.48? Hoskinson, Trump Boost Price 20% appeared first on Coin Edition.
