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Coin Telegraph

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Image Credit: Coin Telegraph

Why is Cardano (ADA) price up today?

  • Cardano (ADA) price has surged, bouncing 30% from March 4 low of $0.7570 to an intraday high of $0.9792.
  • The first-ever White House Crypto Summit, scheduled for March 7, 2025, is generating significant buzz across the crypto industry and boosting ADA price.
  • Cardano's total locked value (TVL) in DeFi protocols has risen by 52% in six days, reaching $408 million, improving investor trust.
  • ADA price is confirming a bull flag pattern and is currently testing the resistance level at $1.20 with a potential upside target of $3.20.

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