- Cardano holds near $0.87 as Fed rate cuts loom; bulls target $1 while bears eye $0.70.
- ADA is forming a descending triangle; it could rise to $1–$2 if bulls break out.
- The market awaits signals of Fed easing; ADA’s potential 150% rally depends on macro and technical factors.
Cardano (ADA), trading around $0.87, remains among the top 10 cryptocurrencies by market capitalization despite bullish momentum stalling over the past month.
While some altcoins such as Filecoin and BNB have advanced, ADA has lingered near its current level after bears reasserted pressure near $0.88.
A 0.5% drop in the token over the last 24 hours amid a broader market rebound points to consolidation, with technical indicators suggesting the possibility of a short-term bullish reversal.
Conversely, renewed selling pressure could accelerate ADA’s decline toward the $0.70 area.
Cardano price: what do analysts say?
Market sentiment and broader macroeconomic forces weigh heavily not only on cryptocurrencies but on risk assets generally.
That includes anticipated decisions from the U.S. Federal Reserve on September 17, which analysts say could be pivotal for investor sentiment.
“The Fed is expected to begin its next easing cycle tonight, with markets pricing in a full 25 basis-point cut that takes the policy rate to 4.00–4.25%,” wrote analysts at QCP. “Given the well-telegraphed intention of the Fed to begin cutting in September, investor attention is squarely on the Summary of Economic Projections (SEP) for clarity on the pace and scale of easing through 2026. Current market pricing reflects three cuts in 2025 and three more in 2026. Powell’s press conference will provide further detail on the Fed’s near-term policy path.”
ADA price: 150% upside amid bullish technical setup?
Over the past week, Cardano’s price action has been defined by narrow consolidation inside a descending triangle pattern.
This formation often precedes sharp directional moves.
ADA sits just above its 20-day exponential moving average (EMA) at $0.86, while the relative strength index (RSI) reads about 51, indicating room for both buyers and sellers.
Buyers can potentially push prices higher before entering overbought conditions.
On the other hand, hovering near a neutral midpoint suggests sellers have similar potential before ADA could shift toward oversold territory.
Cardano price chart by TradingView
To the upside, Cardano will first aim for the psychological $1.00 barrier and then look to extend gains beyond that level.
However, if bulls fail to regain control, a drop toward the historical support near $0.80 could attract fresh buying interest.
The $0.70 zone remains the next major area of interest for sellers.
Such a move would represent a 10–15% retracement before bulls could reassert control and drive ADA back toward $0.95 and above $1.00.
A 150% rise from current levels would place Cardano at $2 or higher in the coming months.
Bullish targets would also include reclaiming the all-time high above $3.10 reached in September 2021, though that would depend on both macroeconomic developments and sustained technical strength.