Cardano (ADA) has surged over 15% in the past week, breaking above both the 20-day and 50-day simple moving averages for the first time in over a month. The price currently sits at $0.70, with the 50-day moving average potentially serving as new dynamic support should any retracement occur.
Traders will now be focused on the 100-day and 200-day moving averages, both positioned around $0.77. A decisive break above the 200-day moving average would signal a potential trend shift from sideways to bullish, as this indicator is widely considered a benchmark for long-term direction.
ADA has experienced two significant rallies in the past six months:
- Following President Trump’s November 2024 election victory, which raised hopes for a more crypto-friendly regulatory environment
- In March 2025, when Trump announced Cardano’s inclusion in his cryptocurrency strategic reserve
Cardano, founded in 2017 by Ethereum co-founder Charles Hoskinson, represents a third-generation blockchain platform designed to deliver improved security, scalability, and sustainability compared to predecessors. However, its price action has been heavily influenced by macroeconomic factors, particularly President Trump’s economic policies. Initial concerns about higher tariffs threatening increased inflation and potentially extending elevated interest rates created downward pressure on cryptocurrencies broadly. The recent recovery coincides specifically with Trump’s announcement to reduce tariffs on China, demonstrating how closely Cardano’s performance is now tied to broader economic policy shifts despite its technical innovations.
Cardano’s position above key moving averages signals potential bullish momentum, but sustainable growth hinges on both project fundamentals and macroeconomic stability. The critical $0.77 level remains the key threshold to watch.
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