Cardano (ADA) Price Prediction for March: 16% Surge Fuels Bullish Forecast as ADA Breaks Key EMAs

• Cardano shot up 37% in the past week, reclaiming the 20 and 200-day EMAs.
• ADA was mentioned alongside SOL, XRP, BTC, and ETH for the US crypto reserve.
• CryptoRank.io said that ADA is one of the top winners under Trump’s administration.

Cardano (ADA) has surged 16.48% over the past 24 hours reaching $0.9379 and claiming the eighth position in market rankings. Data from CoinMarketCap also shows ADA has been rising 37.12% in the last seven days. This has helped ADA reclaim key EMAs, notably the 20-day and 200-day exponential moving averages (EMAs).

ADA Reclaims Key EMAs, Bullish Momentum Builds

This rally comes in response to United States President Donald Trump’s announcement of the inclusion of ADA in the US Strategic Crypto Reserve alongside Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL). 

The 20-day EMA at $0.8066 and the 200-day EMA at $0.7353 are acting as important support levels for ADA. Moving back above these levels points to a strong bullish trend. ADA’s ability to break through and hold above these levels validates growing bullish sentiment among traders and investors.

Related: Trump Taps XRP, ADA for US Crypto Reserve, Ripple an…

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