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Cardano Set to Soar? ADA Eyes $1.35 Breakout Written By: Iyiola Adrian Reviewed By: Jahnu Jagtap Last updated: February 18, 2025 10:09 PM Published February 18, 2025 10:06 PM Cardano Ada Price-Could Hit 1.35 If Key Resistance Breaks Cardano (ADA) took a hit today as it dropped below $0.8. It lost 6% of its gains as it declined from its intraday high of 0.82 to now trading at $0.7. But even with this drop, some analysts, like Rose Premium Signals on X, believe ADA could make a comeback and push to $1.35. Having a look at the chart, we will see a falling wedge pattern formed already. This is often a sign that the price could reverse soon. Rose Premium Prediction On Chart

The crypto market is buzzing after Donald Trump's announcement of a U.S. strategic cryptocurrency reserve. This move marks a significant shift in the government's stance on digital assets. Bitcoin (BTC) surged nearly 20%, reaching $94,000, while Ethereum (ETH) rose 12%, and XRP soared 24%. Solana (SOL) and Cardano (ADA) also saw substantial gains, with ADA climbing over 50%. Trump's vision is to make the U.S. the "Crypto Capital of the World." He's hosting a crypto summit at the White House, bringing together major industry players. This development could be a turning point for the crypto space, potentially leading to mainstream adoption. The reserve will likely include a mix of cryptocurrencies, with XRP being considered due to its speed, efficiency, and existing financial network ¹. However, regulatory uncertainty and centralization concerns remain significant hurdles. Other countries are also exploring crypto reserves, with El Salvador adopting Bitcoin as legal tender in 2021. The Central African Republic followed suit in 2022 but later suspended implementation due to regulatory concerns ¹. As the crypto landscape

Ripple CEO Brad Garlinghouse has welcomed President Donald Trump’s announcement of a Crypto Strategic Reserve, which will include XRP and other leading cryptocurrencies. He emphasized that the crypto industry can only advance if it chooses collaboration over infighting. He also urged the community to move beyond a maximalist outlook. “I’ve said this before—the crypto industry will achieve our goals (and beyond) if we work together,” Garlinghouse stated. He praised Trump’s inclusive plan, noting that it recognizes multiple blockchains, unlike earlier SEC policies under the Biden administration. Trump’s Crypto Strategic Reserve aligns with Executive Order 14178. He issued this directive in his first week to solidify the United States’ position as the “Crypto Capital of the World.” Posting on X yesterday through Truth Social, Trump claimed that forming a U.S. Crypto Reserve will fortify the industry after what he called “corrupt attacks” under the prior Biden administration. He explained that his Executive Order on Digital Assets directed the Presidential Working Group to advance plans for a Crypto Strategic Reserve. This will include XRP, Solana, and Cardano (ADA). Trump later mentioned that BTC and ETH would be key to the reserve. Related: Differing Paths: Georgia Advances Bitcoin Reserve Bill — SB 228, Montana Rejects Trump’s Crypto Strategic Reserve plan sparked debate. Some prefer a Bitcoin-exclusive approach, while others endorse a multi-asset reserve. Coinbase CEO Brian Armstrong proposed a market cap-weighted index if not a BTC-only scheme. Meanwhile, Eric Trump praised the Sunday timing when traditional markets are closed. He argued that it gives retail investors an edge over Wall Street. Crypto trader Bluntz dismissed the idea of a multi-asset reserve, saying a reserve should be BTC-only, calling the inclusion of other cryptocurrencies “hilarious.” However, Altcoin Daily countered , insisting the move proves crypto’s long-term presence. Related: Expert Says Bitcoin Strategic Reserve Will Happen, Sets BTC Price Target at $180K Hours into the news, Bitcoin rose by 10% to trade above $95,000. XRP price also witnessed a 30% uptick to trade at $2.90. Solana also recorded a 24% surge to $174. Meanwhile, ADA saw the biggest price action, jumping by 61% to trade above $1. Ethereum’s price also skyrocketed by 11% to reach $2,456. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Analysis from Glassnode indicates that the price of Bitcoin recently rose to the short-term holder cost basis, approximately $92,700. However, it is currently trading slightly below this level. The Short-Term Holder Market Value to Realized Value (STH MVRV) ratio stands at 0.99, suggesting that short-term holders remain in a vulnerable position, hovering near the breakeven point.$BTC

President Donald Trump’s latest support for cryptocurrency has driven a sharp rise in digital asset prices. Trump, on Sunday, stated that the U.S. strategic reserve would be made up of Bitcoin and other digital assets. This caused the prices of Bitcoin to surge 11%, hitting a high of $95,084 before settling at $93,165 on Monday. Ethereum also rose by 14%, while Cardano rose 71%. Trump posted on Truth Social that Ethereum and Bitcoin will form the foundation of the reserve, accompanied by Solana, XRP, and Cardano. In addition, he reiterated his commitment to making America the leader in the world of cryptocurrency. The proposal aligns with growing efforts in Congress to integrate digital assets into the national financial framework. A Republican-backed bill in the Senate seeks to allocate $94 billion for Bitcoin purchases. However, some lawmakers argue that such measures pose significant risks to taxpayers. Crypto traders and investors celebrated the announcement. The market has faced selling pressure in recent weeks, but Trump’s statement reversed that trend. Besides Bitcoin’s surge, Solana spiked 26%, reaching $180 before settling at $170. Furthermore, XRP climbed 37%, while Cardano demonstrated remarkable growth, reinforcing investor confidence. Additionally, the government has taken steps to ease regulatory control. The SEC recently dropped its case against Coinbase , a shift in federal policy. Furthermore, probes into crypto exchanges like Gemini and OpenSea have also been put on hold. Despite Trump’s pro-crypto stance, his administration has faced criticism for slow regulatory reforms. Crypto investors expected faster action in implementing promised changes. However, the administration’s long-term plan may become clearer at the next White House Bitcoin summit . Furthermore, possible conflicts of interest have raised ethical questions. David Sacks, the White House’s AI and crypto advisor, has divested direct crypto holdings but retains stakes in blockchain startups. Consequently, ethics reviews are underway to ensure compliance. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.