- Cardano consolidates around $0.87 as Federal Reserve rate cuts approach; bulls target $1.00 while bears eye $0.70.
- ADA has formed a descending triangle; a move up toward $1–$2 is possible if bulls break out.
- The market awaits signals of Fed monetary easing; ADA’s potential 150% upside depends on macro data and technicals.
Cardano (ADA), trading near $0.87, remains among the top 10 cryptocurrencies by market capitalization despite bulls struggling over the past month.
While other altcoins such as Filecoin and BNB have seen gains, ADA has hovered in place after bears reasserted pressure near $0.88.
A modest 0.5% decline in the last 24 hours amid a broader market bounce points to consolidation, and technical indicators show the possibility of a short-term reversal.
On the other hand, a fresh cascade of selling pressure could accelerate a price drop toward $0.70.
Cardano price: what do analysts say?
Market sentiment and broader macro forces strongly influence not only cryptocurrencies but all risk assets.
That includes the expected decisions from the U.S. Federal Reserve on interest rates on September 17, which analysts say could be consequential for investor mood.
“Markets generally expect the Fed to begin a fresh easing cycle tonight, with a fully priced 25bp cut that would bring the policy rate to 4.00–4.25%,” wrote QCP analysts. “With the Fed’s intention to begin cuts in September well telegraphed, investor focus shifts to the Summary of Economic Projections (SEP) for clarity on the pace and scale of easing through 2026. Current market pricing factors in three cuts in 2025 and another three in 2026. Powell’s press conference will provide further detail on the Fed’s near-term policy path.”
ADA price: 150% upside given the technical picture?
Over the past week Cardano’s price action has been characterized by tight consolidation inside a descending triangle pattern.
That technical formation often precedes sharp directional moves.
While ADA trades just above the 20-day exponential moving average (EMA) at $0.86, the relative strength index (RSI) sits at 51, indicating room for both bulls and bears to act.
Buyers could push for a new leg higher before encountering overbought conditions.
Conversely, hovering near the neutral midpoint suggests sellers also retain similar conviction, leaving ADA susceptible to sliding toward oversold territory.
Cardano price chart courtesy of TradingView
In a bullish trend, Cardano would first target the psychological $1.00 level, then look to extend upward from there.
However, if bulls fail to sustain gains, a drop back to the historical support zone near $0.80 could attract renewed buying interest.
The $0.70 area represents a secondary, larger seller interest zone.
Such a decline would amount to roughly a 10–15% retracement before bulls could regain control and push ADA toward $0.95 and above $1.00.
A 150% rise from current levels would imply Cardano reaching around $2.00 or higher in the coming months, depending on macro developments and technical momentum.
Bullish targets would ultimately include the all-time high above $3.10 reached in September 2021, though that would require sustained upside catalysts and broad market support.