Cardano's Ascent: Riding the Waves of Innovation and Endorsement

Cardano is a fully open-source decentralized public blockchain crypto project for Ada cryptocurrency.

Technological Strides: Charting the 2025 Roadmap

Cardano is advancing in technological innovation and market activity. The 2025 roadmap focuses on scalability, interoperability, and governance through projects such as Hydra, zero-knowledge rollups, and future-generation consensus protocols Leios and Peras. The Inter-Blockchain Communication (IBC) protocol seeks to enhance cross-chain transaction security, while the Midnight sidechain, which is privacy-focused through zero-knowledge proofs, is looking at a possible mainnet launch in 2025.

Market Momentum: Trading Volumes Surge

Recent trading activity indicates a 10% rise in the transaction volume of Cardano, to 1.5 million transactions, together with a dramatic increase in the trading volume to $10.05 billion on March 3, 2025, and an increase of 1637.90%. ADA temporarily moved to $1.25. Even after a price correction from a 70% rally after Trump announced a crypto reserve, Cardano is concentrating on community-based governance structures and on-chain voting as part of its Voltaire era, with new governance proposals adding to increased interest in ADA. 

Inclusion of Cardano (ADA) in the recommended U.S. crypto strategic reserve by former President Donald Trump will have a very substantial impact on its market capitalization, with a record instant price rise of over 40%, ADA's current price trading at around $0.95 as of March 2, 2025, and an accompanying surge in daily trading volumes of over 1700% reflecting heightened investor interest and belief in ADA's prospects.

ADAUSD prices surged more than 80% yesterday after positive comments from Trump.in past four days.It hit a high of $1.19 yesterday and is currently trading around $0.9902. The pair is holding above the short-term (34 and 55-day EMA) and long-term moving average (200-day EMA).

The near-term resistance is around $1.20, any indicative breach above will take the pair to $1.60/$2/$2.38.On the lower side, immediate support is $0.800, and any violation below targets $0.70/$0.50..

Indicators (4-Hour chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $0.80 with SL around $0.50 for TP of $1.60/$2.