Cardano (ADA) has experienced a massive surge in trading volume and a steep increase in price, according to recent data. As the eighth-largest cryptocurrency by market cap, Cardano is seeing significant market transformation due to the inclusion of XRP, SOL, and ADA in a strategic crypto reserve. This has caused a 73% jump in price, pushing the coin to $1.19 on散户 cryptocurrency platforms.

Despite the surge, the marketweather for Stocks bet on the economy’s recovery despite macroeconomic concerns, including central banks’ interest rate hikes. These concerns have increased buying pressure. However, Cardano is expected to test resistance at $1.20 or $1.30, indicating a possible peak.

Looking ahead, the price of ADA will depend on the success of the strategic reserve and the fact that when the coin is above $1, bullish momentum is at its highest. Buy pressure is on the rise, affecting ADA trading volumes, which rose the most in weeks.

In the short term, ADA could face further gains, but the possibility of retrial if expectations don’t match reality must be considered. Additionally, macroeconomic factors like interest rates could tie back to the stock market, which may drive prices further down. Over time, this trend may lead to a decline in prices rather than a spike.