Cardano’s price movement pattern shows a positive trend, this is an analyst’s explanation! (5/3/25)

Jakarta, Pintu News – Cardano ADA6.53%->Harga ADA Saat IniRp 11.4856.53%Market CapRp 591,38 TriliunVolume TradingRp 28,7 TriliunSuplai BeredarRp 35,82 Miliar experienced a significant price spike following an announcement from former President of the United States, Donald Trump, regarding the creation of the US Crypto Reserve. In his statement, Trump mentioned that this strategic reserve will include several major cryptocurrencies, including Cardano (ADA), Ripple XRP3.96%->Harga XRP Saat IniRp 37.7783.96%Market CapRp 2.308 TriliunVolume TradingRp 262,59 TriliunSuplai BeredarRp 57,18 Miliar, and Solana SOL5.80%->Harga SOL Saat IniRp 2.080.5185.80%Market CapRp 1.672 TriliunVolume TradingRp 135,64 TriliunSuplai BeredarRp 479.179.305, with Bitcoin BTC1.39%->Harga BTC Saat IniRp 1.360.585.3271.39%Market CapRp 33.034 TriliunVolume TradingRp 1.590 TriliunSuplai BeredarRp 19.797.675 and Ethereum ETH2.67%->Harga ETH Saat IniRp 30.933.7332.67%Market CapRp 7.444 TriliunVolume TradingRp 594,65 TriliunSuplai BeredarRp 120.452.072 as core assets.

This announcement prompted the price of ADA to surge by 80% in a short period of time. Since last December, ADA has been on a downward trend after hitting a three-year high of IDR 21,825 (USD 1.32). However, this latest surge provides a positive signal for investors, with the potential for further gains of up to 125% from current levels.

Cardano’s Upside Potential to IDR36,775

Crypto analyst Ali Martinez mentioned that ADA could experience a significant rise if it is able to break the Rp19,606 (USD 1.19) level on the 12-hour candlestick chart. If this happens, Martinez projects that the price of ADA could go up to IDR36,775 (USD 2.20), which means an increase of about 84% from the breakout level.

In addition, the activity of large investors or whales in the past 24 hours showed a significant increase, with more than 420 million ADA bought by large-scale investors. This is a strong indication that confidence in the long-term potential of ADA is still high.

Also Read: Why is Ripple Still Fighting in Court Despite SEC Dropping Another Crypto Case?

Cardano Price Movement Pattern Shows Positive Trend

Sjuul from AltCryptoGems highlights a technical pattern known as the Power of 3, which divides the price cycle into three main phases: accumulation, manipulation and distribution. In the first phase, prices typically consolidate near their highs after a significant spike.

Then, in the manipulation phase, the price drops below the accumulation level and moves within a certain range. Finally, in the distribution phase, the price experiences a strong breakout that attracts more market participants. Currently, according to Sjuul, Cardano has entered the distribution phase, which could bring the price back to the December highs.

Conclusion

Cardano’s price surge triggered by the political announcement is giving a positive signal to crypto investors. With technical patterns showing further upside potential, ADA has the opportunity to break resistance and reach a price of IDR36,775 in the near future. However, as with any crypto asset, volatility remains a major factor to take into account before making an investment decision.

Also Read: XRP Faces Hurdle at $2.4: Can Bulls Break Through? (4/3/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Cardano 125% Pump Coming? Analyst Says ADA Could Be Poised for Rally to $2.20. Accessed March 5, 2025.
• Featured Image: Crypto Rank