Cardano price surged by almost 60% following US President Donald Trump’s announcement of a strategic crypto reserve.
ADA could enter a fresh bull rally to a new high in the current cycle and potentially reach $2.
A right-angled, descending broadening wedge pattern on the ADA daily chart suggests increasing price volatility and a potential bullish breakout.
Cardano needs to overcome the major resistance level at $1.14 to confirm the bullish breakout and potentially more than double its price in the coming weeks.