- Cardano strengthens to nearly $0.87 as Fed rate cut expectations rise; bulls target $1 while bears eye $0.70.
- ADA has formed a descending triangle; a breakout could push prices toward $1–$2.
- The market awaits signals of Fed easing; a potential 150% surge for ADA depends on macro and technical factors.
Cardano (ADA), trading around $0.87, remains among the top 10 cryptocurrencies by market capitalization despite price struggles over the past month.
While other altcoins have seen notable gains, ADA has hovered at its current level after recent declines found temporary support near $0.88.
A 0.5% drop for the token in the past 24 hours, amid a broader market bounce, points to consolidation and technical indicators that suggest the possibility of short-term downside.
Sustained selling pressure could accelerate a slide toward the $0.70 area.
Cardano price: what do analysts say?
Market sentiment and wider macroeconomic influences are weighing on not only crypto but risk assets generally.
That includes the Federal Reserve’s expected rate decision on September 17, which analysts say could be significant for investor sentiment.
“The Federal Reserve is widely expected to commence the next easing cycle tonight, with markets fully pricing in a 25 basis-point cut that would bring the policy rate to 4.00–4.25%,” wrote analysts at QCP. “With the Fed poised to begin cuts in September, investor attention is 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 additional detail on the Fed’s near-term policy path.”
Could ADA see a 150% rally amid bullish technicals?
Over the past week, Cardano’s price action has been defined by tight consolidation within a descending triangle pattern.
This technical formation often precedes sharp directional moves.
Although ADA is trading just above the 20-day exponential moving average (EMA) at about $0.86, the Relative Strength Index (RSI) sits near 51, indicating room for either upside or downside momentum.
Buyers could push prices higher before the asset reaches overbought territory.
Conversely, the neutral midpoint reading suggests sellers still have a viable path, and ADA could move into oversold conditions if selling intensifies.
On the upside, Cardano faces a psychological resistance near $1.00, followed by further potential gains if that level is cleared.
However, failure to break higher could see a pullback to the historical support area around $0.80, which may attract fresh buying interest.
The $0.70 zone is another significant area that would appeal to sellers.
Such a move would represent a roughly 10–15% retracement before buyers could regain control and push ADA toward $0.95 and above $1.00.
A 150% rally from current levels would put Cardano near $2.00 or higher in the coming months, assuming favorable macro conditions and strong technical momentum.
Upside targets would also include the all-time high area above $3.10 reached in September 2021, though reaching that level would require sustained bullish catalysts and broad market support.