- Cardano is holding around $0.87 as speculation mounts that the Federal Reserve may begin cutting rates. Bulls target $1.00 while bears eye $0.70.
- ADA has formed a descending triangle. If bulls break out, the price could climb from $1.00 up toward $2.00.
- The market is awaiting a dovish signal from the Fed. A potential 150% surge for ADA will depend on both macroeconomic developments and technical momentum.
Cardano (ADA) is trading near $0.87 and, despite bulls struggling last month, remains among the top ten cryptocurrencies by market capitalization.
While altcoins such as Filecoin and BNB have seen sharp gains, ADA has held its current level after bears reasserted themselves near $0.88.
The token’s roughly 0.5% decline over the past 24 hours amid a broader market bounce is actually an integration signal, with technical indicators suggesting the possibility of a short-term bullish reversal.
Absent a reversal, however, cascading selling pressure could accelerate a drop toward the $0.70 area for ADA.
Cardano price: what are analysts saying?
Overall market sentiment and broader macro influences weigh on risk assets across the board, including cryptocurrencies.
Market participants are watching the Federal Reserve’s expected rate decision on September 17 closely, since analysts say that outcome could carry significance for investor psychology.
Analysts at QCP note that “the Fed is widely expected to begin a new easing cycle tonight, with markets fully pricing a 25bp cut to bring the policy rate down to 4.00–4.25%.” They add: “Given the Fed’s clear indication of starting cuts in September, investor focus will shift to the Summary of Economic Projections (SEP) to clarify the pace and scale of easing through 2026. Current pricing implies three cuts in 2025 and an additional three in 2026. Chair Powell’s press conference will likely provide further detail on the Fed’s near-term policy path.”
ADA price: is 150% upside realistic amid bullish technicals?
Last week Cardano’s price action was characterized by tight consolidation inside a descending triangle pattern, a technical formation that can precede sharp directional moves.
ADA is trading at about $0.86, just above the 20-day exponential moving average (EMA), while the Relative Strength Index (RSI) sits near 51 — a neutral reading that leaves room for both bullish and bearish outcomes.
Buyers could look for a fresh leg higher before the market becomes overbought. Conversely, the neutral midpoint suggests sellers may push ADA toward oversold territory before a potential recovery.
On the upside, Cardano would first need to clear the psychological hurdle around $1.00, which could open the door to further gains.
If bulls fail to push higher, a pullback to the historical support near $0.80 would likely attract fresh buying interest.
The $0.70 zone represents another significant support area for sellers to watch. A drop to that region would imply a 10–15% retracement from current levels, offering potential accumulation opportunities for bullish participants before a renewed push above $0.95.
A 150% rally from current prices would place Cardano above $2.00 over the coming months. More optimistic targets by bulls even reference a new all-time high beyond the $3.10 peak seen in September 2021, though such moves would require sustained macro support and a decisive technical breakout.