Cardano (ADA) experienced a significant price increase following US President Donald Trump's announcement of a strategic crypto reserve.
Crypto analyst Ali Martinez predicts a potential substantial price surge for ADA if it remains above the crucial support zone at $0.80 and breaks the key resistance level at $1.20.
If ADA surpasses $1.20, it could enter a price discovery phase with a potential price target of $10, and potentially go as high as $16.
However, if ADA fails to hold above $0.80, it may fall back into consolidation. At present, ADA's value is $0.81.