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

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 Trumps 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. ADAs ability to break through and hold above these levels validates growing bullish sentiment among traders and investors.

Also, after Trumps announcement, on-chain data revealed that whales have gathered over 420 million ADA tokens. Prominent crypto analyst Ali Martinez highlighted this significant accumulation, pointing to increasing institutional interest in ADA.

Following @realDonaldTrump announcement of the US Strategic Crypto Reserve, whales accumulated over 420 million #Cardano $ADA!

— Ali (@ali_charts) March 5, 2025

ADA Price Analysis: RSI Indicates Upside Potential

Analyzing ADA Price: The Relative Strength Index (RSI) is currently at 56.97, with a previous reading of 44.56. This suggests that ADA is neither overbought nor oversold. This leaves room for further upside potential if buying pressure remains.

MACD Confirms Bullish Trend for Cardano

Meanwhile, the Moving Average Convergence Divergence (MACD) shows that the MACD line (blue) is above the signal line (orange), suggesting bullish pressure. Additionally, the MACD histogram turned green after a bullish crossover, confirming that ADA is in an accumulation phase and could see further price appreciation.

Cardanos Strong Position in US Crypto Policy

According to the latest CryptoRank.io analysis, ADA is one of the biggest winners of the US crypto policy shift. The project has gained traction because of its solid blockchain capabilities, continuous development efforts, and recent inclusion in US policy discussions.

Cardano $ADA is in a prime position, aligning with multiple key narratives in US crypto policy.

— TapTools (@TapTools) March 5, 2025

Being mentioned alongside BTC, ETH, XRP, and SOL strengthens Cardanos position as a major player in the crypto sector.