Orhan 
As Bitcoin and the broader cryptocurrency market continue their upward trend, popular altcoin Cardano (ADA) has started the day with a strong surge. Recently, the outcome of the U.S. presidential elections, which favored crypto and Bitcoin supporter Donald Trump, had a significant impact on the markets.
With the election results finalized, Bitcoin broke its all-time high (ATH), reaching $76,300, and many altcoins joined in the upward trend.
Cardano, a decentralized Proof-of-Stake (PoS) blockchain designed to be an efficient blockchain, also benefited from this surge. In the early hours, ADA was priced around $0.33, and it saw nearly a 20% increase, rising to $0.44. As of writing, the popular altcoin is trading at around $0.42.
Will Cardano ADA’s Surge Continue? Price Analysis
The most asked question for ADA coin, which has caught the attention of investors with its significant rise, is whether the surge will continue. Having quickly reached $0.44, the resistance level for ADA is forecasted to be $0.45.
During the day, Cardano reached this level and, as expected, experienced a slight pullback from the resistance zone. For the upward trend to continue, a close above this level is crucial.
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