- Cardano consolidates near $0.87 as Fed easing approaches; bulls eye $1 while bears target $0.70.
- ADA forms a descending triangle; a move up to $1–$2 is possible if bulls break out.
- The market awaits Fed easing signals; ADA’s 150% upside potential depends on macro and technical data.
Cardano (ADA), trading around $0.87, remains among the top 10 cryptocurrencies by market capitalization despite bulls struggling over the past month.
While altcoins like Filecoin and BNB are rising, ADA has held its current level after bears reasserted pressure near $0.88.
A 0.5% decline in the token over the past 24 hours amid a broader market rebound signals consolidation, with technical indicators painting a possible short-term bullish reversal.
Conversely, a cascade of selling pressure could accelerate ADA’s slide toward the $0.70 level.
Cardano price: what analysts say
Market sentiment and broader macroeconomic forces are weighing on cryptocurrencies and other risk assets.
That includes the U.S. Federal Reserve’s expected rate decision on September 17, which analysts say could be material for investor mood.
“The market widely anticipates that the Fed will begin its next easing cycle tonight, with pricing reflecting a 25-basis-point cut that would take the policy range to 4.00–4.25%,” wrote QCP analysts. “With the Fed’s intention to start cutting in September well flagged, investors are focused on the Summary of Economic Projections (SEP) for clarity on the pace and magnitude of easing through 2026. Current market pricing implies three cuts in 2025 and another three in 2026. Powell’s press conference will provide more detail on the Fed’s near-term policy direction.”
ADA price: 150% upside amid a bullish technical picture?
Over the past week, Cardano’s price action has been tightly consolidating within a descending triangle.
This technical structure often precedes sharp directional moves.
ADA sits just above its 20-day exponential moving average (EMA) near $0.86, while the relative strength index (RSI) reads 51, indicating room for both bulls and bears.
Buyers could push for a fresh leg higher before encountering overbought conditions.
Conversely, an RSI around neutral suggests sellers hold a similar outlook, and ADA could tilt toward oversold territory.
Price chartCardano on TradingView
Upside targets for Cardano include the psychological $1.00 barrier and subsequent higher levels.
If bulls fail to mount a recovery, a drop toward the multi-month low near $0.80 could attract renewed buying interest.
The $0.70 zone remains a significant area of seller interest and would represent a 10–15% retracement before bulls could regain control and push ADA back toward $0.95 and above $1.00.
A 150% increase from current levels would place Cardano at $2.00 or higher in the coming months, assuming favorable macro conditions and bullish technical momentum.
Bullish targets would ultimately include reclaiming the all-time high above $3.10, last seen in September 2021, although that would require sustained market strength and improving fundamentals.