- Cardano consolidates near $0.87 as Fed rate cuts loom; bulls target $1 while bears aim for $0.70.
- ADA forms a descending triangle; a rally to $1–$2 is possible if bulls break out.
- The market awaits signals of Fed easing; ADA’s potential 150% surge depends on macro and technical factors.
Cardano (ADA), trading around $0.87, remains among the top 10 cryptocurrencies by market capitalization despite bulls struggling over the past month.
While other altcoins such as Filecoin and BNB have advanced, ADA has been range-bound after bears reasserted pressure near $0.88.
The token’s modest 0.5% decline in the last 24 hours, amid a broader market rebound, indicates consolidation. Technical indicators currently point to the possibility of a short-term bullish reversal.
Conversely, a fresh wave of selling pressure could accelerate a decline toward the $0.70 level.
Cardano price: what do analysts say?
Market sentiment and broader macroeconomic influences weigh heavily not only on cryptocurrencies but on risk assets generally.
This includes the US Federal Reserve’s rate decision expected on September 17, which analysts say could be significant for investor sentiment.
“The Fed is expected to start its next easing cycle tonight, with markets fully pricing a 25bp cut that would place the policy rate at 4.00–4.25%,” wrote analysts at QCP. “Given the Fed’s widely communicated intention to begin cuts in September, investors are focused on the Summary of Economic Projections (SEP) for clarity on the pace and scope of easing through 2026. Current market pricing reflects three cuts in 2025 and another three in 2026. Chairman Powell’s press conference will provide further detail on the Fed’s short-term policy path.”
ADA price: 150% gain possible in a bullish technical scenario?
Over the past week, Cardano’s price action has been confined within a tight descending triangle, a technical pattern that 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 bulls and bears to influence the next move.
Buyers could attempt a fresh leg higher before hitting overbought conditions. By contrast, the neutral midpoint RSI suggests sellers could similarly push the token toward oversold territory.
Cardano price chart by TradingView
On the upside, Cardano will first test the psychological $1.00 barrier and then aim for further gains. If bulls fail to break higher, a pullback toward the recent low near $0.80 could renew buying interest.
The $0.70 area remains a key support zone for bears. A move down to that level would represent roughly a 10–15% retracement from current prices before bulls might regain control and push ADA back toward $0.95 and then above $1.00.
A 150% surge from current levels implies Cardano could reach $2 or higher in the coming months, contingent on favorable macro conditions and technical momentum. Bullish targets also include reclaiming the all-time high above $3.10 set in September 2021, though such a move would require sustained strength across the crypto market and optimistic policy developments from the Fed.