ADA Price Prediction: Potential Cardano Spike Due to Gemini and Trump Announcement

Jakarta, Pintu News – In the last 36 hours, Cardano ADA6.87%->Harga ADA Saat IniRp 11.4586.87%Market CapRp 591,38 TriliunVolume TradingRp 28,7 TriliunSuplai BeredarRp 35,82 Miliar has seen its price increase by 17.8%. Speculation about Cardano’s possible listing on the Gemini exchange, along with news of a US crypto strategic reserve that surfaced earlier this month, seems to have changed investor sentiment.

Although the Gemini co-founder does not consider Cardano suitable for strategic backups, he does not rule out the possibility of listing it. With 3 months of strong support testing again, will ADA experience a bullish reversal?

Cardano Technical Analysis

Cardano’s strengthening in the last 48 hours is most likely due to the retest of the 3-month range low at $0.68. However, the volatility that followed the strategic reserve announcement made the position of buyers unfavorable.

The price failed to defend the $0.8 level, which was previously a bearish order block but served as a bullish break block for a while. The drop below $0.8 has put the bulls at a disadvantage and will have to fight harder. The Awesome Oscillator shows that the momentum has shifted in a bearish direction.

Also Read: Dogecoin price heading towards $3, is a parabolic rise waiting? Here’s what analyst Ali Martinez has to say!

ADA Price Prediction

The 3-month liquidation heatmap shows that the main liquidity cluster to watch out for is at $1.17. The $0.634, $0.8, and $0.83 levels are also short-term pockets of liquidity to watch out for. The 2-week heatmap shows that this is indeed true. The road north is littered with liquidation levels, which means that the price of ADA will be pulled towards the north, potentially as high as $1. However, this upward pull is contrasted by the lack of buying pressure in the spot market and the widespread bearish bias in the market.

Trading Strategies for Investors

Notably, the $0.9 level is a promising bearish reversal zone. This is in line with the mid-level of the range at $0.907. Therefore, investors can wait for Cardano’s reaction from $0.8 to understand whether they should try to catch a bounce towards $0.9. Similarly, a move beyond $0.9 could see $1.03 and $1.09 revisited. Observing the market reaction to these levels will provide a better insight into Cardano’s future price direction.

Conclusion

With various factors affecting Cardano’s price, including a potential listing on Gemini and changing market dynamics, investors should remain vigilant and pay attention to technical indicators and market announcements to make informed investment decisions. Keeping up to date and analyzing price trends is key to capitalizing on opportunities in the crypto market.

Also Read: Pi Network Price Predictions to 2050: What to Expect?

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*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

• AMB Crypto. ADA Price Prediction: Gemini, Trump, and why Cardano can surge this week. Accessed on March 14, 2025
• Featured Image: Bitcoinsensus