Cardano has emerged as the top gainer in the market, surging past crucial resistance levels at $0.8623 and $1.02. The rally comes amid a broader crypto market recovery, with ADA's daily volume reaching a staggering $9.24 billion. At the time of writing, ADA trades at $1.06, reflecting a 42.88% gain over the past seven days.

In the early trading hours, ADA dropped to a low of $0.6461 before staging a strong comeback, hitting a daily high of $1.13. The bullish momentum has intensified following Trump’s announcement of his Crypto Reserve, which includes Cardano, triggering renewed investor interest.

From a technical perspective, Cardano’s four-hour candlestick chart indicates an ongoing upside correction, with a golden cross forming. This setup suggests that ADA could test its next resistance at $1.16. If the bullish momentum continues, ADA might challenge its all-time high.

On-chain indicators support the bullish outlook. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, often considered a buy signal. Additionally, the Chaikin Money Flow (CMF) at 0.31 suggests strong capital inflows, reinforcing the current uptrend. The Bull Bear Power (BBP) value at 0.406 further confirms the dominance of bulls in the market.

However, risks remain. If buyers lose control, ADA might revisit support at $0.9622. A breakdown at this level could trigger further declines, with the potential emergence of a death cross signaling bearish momentum. The Relative Strength Index (RSI) stands at 79.03, indicating overbought conditions, which could lead to a pullback.

With ADA’s trading volume soaring by 1,455% and bullish indicators aligning, traders remain optimistic about Cardano’s potential to push higher. Whether ADA’s rally is sustainable depends on market sentiment and key resistance levels ahead.