• ADA surged by 64% after the market crashed.
• Cardano could be positioned for more gains as the network adoption grows.

Over the past day, as the market recovered following Trump’s tariffs crash, Cardano [ADA] made a strong upswing.

Over this period, Cardano spiked from $0.50 to a local high of $0.82 hiking by 64%. With these gains, ADA was able to reclaim its critical support level of $0.7.

In fact, as of this writing, Cardano was trading at $0.73. This marked a 7.17% increase on daily charts. Prior to this price recovery, ADA had been on a downward trajectory, dropping by 21.93% on weekly charts.

Amidst this, it shows that demand for the altcoin among investors is still high as investors remained optimistic.

The question that arises is whether ADA can maintain these gains and make a considerable upward movement.

Can Cardano maintain recent gains?

According to AMBCrypto’s analysis, Cardano was experiencing strong buying pressure at press time, as the upward momentum started to build.

We can see this buying pressure as Chaikin Money Flow (CMF) spiked from negative territory to 0.11 over the past day. This showed that buy volume was outpacing selling, suggesting increased accumulation.

As such, when the altcoin declined, buyers turned to buying the dip.

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Author: Gladys Makena