Cardano (ADA) is showing renewed strength, rising 8% since March 23 to reclaim the $0.76 level. While still trading below its March 3 high of $1.18, this move brings ADA to the doorstep of a key resistance zone that has held for over two weeks. The rally comes as speculation builds around political connections, improving DeFi infrastructure, and bullish technical signals—all suggesting ADA could be gearing up for a breakout. 1. Political Ties Drive Renewed Interest; Cardano Up? Momentum surged after news broke that Cardano founder Charles Hoskinson will co-host a panel at the upcoming DC Blockchain Summit alongside Donald Trump Jr. The event is expected to spotlight World Liberty Financial, a crypto venture tied to the Trump family, which has already raised $550 million and recently launched a USD-pegged stablecoin. Market speculation is now swirling around a possible strategic tie-up between Cardano and the Trump-linked project. While no formal announcement has been made, the optics have been enough to spark investor interest and drive ADA demand higher in the short term. 2. DeFi Incentives and Hydra’s Scaling Potential Cardano’s fundamentals are also improving. Indigo, a decentralized protocol built on Cardano, is offering 28% APY on stablecoin deposits and 20% on wrapped Bitcoin, though rewards are distributed in INDY tokens. These attractive returns have started drawing liquidity back into the Cardano ecosystem. Meanwhile, Hydra, Cardano’s layer-2 scalability solution, demonstrated theoretical throughput of 1 million TPS in load testing. Although critics question its real-world viability, Cardano’s eUTXO model has shown a consistent track record, especially when compared to Solana, which saw a 40% transaction failure rate in March, according to TapTools. Solana: 40% failed transactions (past 30 days) Cardano: 0 failed transactions. Ever. pic.twitter.com/RGXpqmp80r — TapTools (@TapTools) March 24, 2025 If its network continues to show consistent performance and attract capital, ADA’s price strength could gain firmer footing. 3. Cardano (ADA) Technical Chart Points to Potential Breakout Cardano (ADA) is trading at $0.7685, supported by a strong upward channel and firm bids above the 50 EMA at $0.7353. Price recently cleared the $0.7601 pivot and is now eyeing immediate resistance at $0.7783. A breakout above this level could trigger follow-through toward $0.7944 and $0.8147. The RSI stands at 65.89—bullish but approaching overbought. Upside Targets: $0.7783, $0.7944, and $0.8147 Key Support Levels: $0.7389, $0.7219, and $0.7055 Trend Structure: Bullish above $0.7600 with ascending channel intact So long as ADA holds above its EMA support and upward trendline, the path of least resistance remains to the upside. Conclusion Whether it’s speculation around political connections, improving DeFi yields, or bullish technical structure—Cardano is back in focus. A clean break above resistance could be the catalyst ADA needs to revisit the $0.80 zone and beyond. MIND of Pepe Raises $7.59M as AI Trading Hype Builds The AI-powered meme coin MIND of Pepe ($MIND) is drawing significant investor attention, crossing $7.59 million in its presale as it approaches the next funding milestone of $8.76 million. The token, now priced at $0.0035946, is expected to increase in value once the target is hit, adding urgency for early backers to secure their stake before the next price hike. Unlike typical meme tokens driven solely by hype, $MIND positions itself as an AI-first trading ecosystem. The project integrates real-time market insights, predictive analytics, and sentiment analysis to help investors anticipate market shifts more effectively. Rather than relying on static trading bots, $MIND’s AI engine evolves with every market movement—learning from social media trends, sentiment metrics, and historical data to dynamically refine its strategies. With the current presale clock ticking and over $7.59 million already raised, $MIND is quickly approaching its next pricing tier. The token’s blend of meme appeal, AI-driven utility, and lucrative staking rewards makes it one of the more compelling early-stage opportunities in the crypto market today. The post Is Cardano About to Break Out? 3 Reasons ADA Could Hit New Highs Soon appeared first on Cryptonews .
