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Sujit Kumar
Mar 3, 2025
by Sujit Kumar

Cardano Breaks $1, Rebounds with Strong Fundamentals

Cardano Breaks $1

Table of contents

  1. Catalysts Behind the Surge
    1. Strong Fundamentals and Governance Evolution
After a prolonged six-week downturn, Cardano (ADA) has broken through the psychologically significant $1 barrier, now trading at approximately $1.05. This dramatic price movement marks the first time in over a month that ADA has climbed above $1, rekindling investor interest in the third-generation blockchain platform.

Technical Rebound and Bullish Signals

Technical analysis indicates that ADA has freed itself from a bearish flag and pole pattern seen on weekly charts since December 2024. The Relative Strength Index (RSI) has recently entered overbought territory, which historical data suggests may lead to further price increases rather than immediate pullbacks. One market watcher noted, “We have often seen further price increases rather than pullbacks when looking at past cases of ADA’s RSI entering overbought territory,” implying that the current rally could have additional room to grow.

Catalysts Behind the Surge

A key driver behind ADA’s recent rally is the announcement of a U.S. Crypto Strategic Reserve that includes Cardano alongside major assets such as Bitcoin, Ethereum, XRP, and Solana. Although the specifics remain unclear and debates continue over potential Congressional involvement, the news has ignited enthusiasm, as evidenced by an 800% surge in ADA’s trading volume over the past 24 hours.

Strong Fundamentals and Governance Evolution

Beyond market news, Cardano’s technical strength remains intact. The platform’s innovative two-layer architecture and energy-efficient Proof-of-Stake consensus enhance its long-term appeal. Recent political developments, including the approval of a blockchain constitution and the successful activation of the Plomin hard fork, have further cemented Cardano’s move toward a fully distributed governance model. These steps are expected to drive sustainable growth and broaden Cardano’s adoption.

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Cardano Breaks $1
Cardano Breaks $1, Rebounds with Strong Fundamentals
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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