- Cardano consolidates near $0.87 as Fed rate cuts come into view; bulls eye $1.00 while bears target $0.70.
- ADA forms a descending triangle; a move to $1–$2 is possible if bulls break out.
- Markets await signals of Fed easing; ADA’s potential 150% upside depends on macro and technical factors.
Cardano (ADA), trading around $0.87, remains among the top 10 cryptocurrencies by market cap, despite bulls struggling over the past month.
While altcoins such as Filecoin and BNB have seen sharp gains, ADA has been range-bound after bears reasserted pressure near $0.88.
A 0.5% decline over the last 24 hours amid a broader market rebound points to consolidation, and technical indicators suggest a possible short-term bullish turnaround.
However, a cascade of selling pressure could accelerate ADA’s drop toward $0.70.
Cardano price: what do analysts say?
Market sentiment and broader macro forces play a major role not only for cryptocurrencies but for risk assets overall.
This includes the Federal Reserve’s expected rate decision on September 17, which analysts say could influence investor mood.
“The market broadly expects the Fed to begin a cycle of easing tonight, with pricing fully reflecting a 25 bps cut that would bring the funds rate to 4.00–4.25%,” QCP analysts wrote. “Given the well-telegraphed intention for the Fed to start cutting in September, investors will focus on the Summary of Economic Projections (SEP) to gauge the pace and size of cuts through 2026. Current market pricing reflects three cuts in 2025 and a further three in 2026. Chair Powell’s press conference will provide more detail on the short-term path of Fed policy.”
ADA price: 150% upside amid a bullish technical scenario?
Over the past week, Cardano’s price action has shown tight consolidation within a descending triangle.
That technical pattern often precedes sharp directional moves.
ADA is trading just above its 20-day exponential moving average (EMA) at $0.86, while the Relative Strength Index (RSI) sits around 51, indicating room for both buyers and sellers.
Buyers have scope to push a new leg higher before overbought conditions set in.
Conversely, the neutral RSI reading suggests sellers have similar potential before ADA possibly slips into oversold territory.
Cardano price chart from TradingView
On the upside, Cardano will focus on the psychological $1.00 barrier and then aim for a further leg up.
If bulls fail to mount a sustained rally, a slide toward the historic low near $0.80 could attract renewed buying interest.
The $0.70 area represents a larger downside target for sellers.
Such a move would represent roughly a 10–15% retracement before bulls regain control and push ADA toward $0.95 and above $1.00.
A 150% rise from current levels implies Cardano could reach $2.00 or higher in the coming months, depending on macro conditions and technical momentum.
Bullish targets ultimately include the all-time high north of $3.10 reached in September 2021.