Token Cardano (ADA) tested a critical support level and rose to $0,72. Analysts believe that this growth could push Altcoyin to the next target at $2,48, of course, provided that Bitcoin's bullish move continues and promising developments in US policy regarding cryptocurrencies.
If we study the statistics, the support level at $0,726 was a solid foundation for the upward movement of ADA. Having received a strong impulse, token , ranked tenth by CoinGecko, is poised to hit the next major resistance level at $2,485.
Technical indicators show that ADA is in a strong uptrend as indicated by the RSI and MACD. The Relative Strength Index above 50 indicates bullish momentum. The Moving Average Convergence Divergence shows a bullish crossover, confirming the uptrend.
In addition to this, the founder Cardano Charles Hoskinson hinted that he could play a prominent role in shaping crypto regulation under the Trump administration. He plans to join the new Trump administration within three months.
Note that Hoskinson has not received any formal offers from the Trump administration, but is ready to “be involved in these issues as closely as possible, for which he wants to testify before the Senate in 2025.
