- Cardano consolidates near $0.87 as Fed rate cuts loom; bulls target $1 while bears eye $0.70.
- ADA forms a descending triangle; upside potential to $1–$2 possible if bulls break out.
- The market awaits signals from the Fed about easing; ADA’s peak upside of 150% depends on macro and technical factors.
Cardano (ADA), trading around $0.87, remains among the top 10 cryptocurrencies by market capitalization despite bulls facing pressure over the past month.
While altcoins such as Filecoin and BNB have seen gains, ADA has hovered around its current level after bears reasserted themselves near $0.88.
The token’s modest 0.5% decline in the past 24 hours amid a broader market rally points to consolidation, with technical indicators suggesting a potential bullish flip in the short term.
On the other hand, a cascade of selling pressure could accelerate an ADA price drop toward the $0.70 area.
Cardano price: what do analysts say?
Market sentiment and broader macro forces are weighing heavily, affecting not only crypto but also risk assets more generally.
That includes the anticipated interest rate decisions from the US Federal Reserve on September 17, which analysts say could be significant for investor sentiment.
“The market broadly expects the Fed to begin its next easing cycle tonight, with pricing fully reflecting a 25 basis point cut that would bring policy rates to 4.00–4.25%,” QCP analysts wrote. “Given the well-telegraphed intent of the Fed to start cutting in September, investor focus is squarely on the Summary of Economic Projections (SEP) for clarity on the pace and extent of easing into 2026. Current market pricing reflects three cuts in 2025 and a further three in 2026. Powell’s press conference will provide more detail on the near-term policy path.”
ADA price: 150% upside amid a bullish technical setup?
Over the past week, Cardano’s price action has been defined by tight consolidation inside a descending triangle pattern.
This technical formation often precedes sharp directional moves.
With ADA sitting just above the 20-day exponential moving average (EMA) at $0.86, the Relative Strength Index (RSI) around 51 leaves room for both bulls and bears to assert control.
Buyers could seek a fresh leg higher before the token becomes overbought.
Conversely, hovering near the neutral midpoint indicates sellers hold a similar stance, which could push ADA toward oversold territory if selling pressure intensifies.
Cardano price chart by TradingView
On the upside, Cardano will aim for the psychological barrier around $1.00 and then for higher levels if momentum continues.
If bulls fail to push higher, a dip toward the historical support near $0.80 could attract fresh buying interest.
The $0.70 area remains the major downside interest zone for sellers.
Such a move would represent a roughly 10–15% retracement before bulls can regain control and push ADA back toward $0.95 and above $1.00.
A 150% rise from current levels would imply Cardano reaching $2 or higher in the coming months.
Bull targets also include reclaiming the all-time high above $3.10 set in September 2021, though achieving that would depend on both macroeconomic developments and favorable technical momentum.