- Cardano consolidates near $0.87 as Fed rate cuts loom; bulls eye $1 while bears target $0.70.
- ADA forms descending triangle; upside to $1–$2 possible if bulls break out.
- Market awaits Fed easing signals; ADA’s 150% surge potential hinges on macro and technicals.
Cardano (ADA), with its price around $0.87, remains among the top 10 cryptocurrencies by market cap despite bulls struggling over the past month.
While altcoins like Filecoin and BNB surge, ADA hovers at the current level after bears once again showed determination near $0.88.
The token’s 0.5% decline over the past 24 hours amid broader market bounce signals consolidation with technical indicators painting a potential short term bullish flip.
A cascade of selling pressure may otherwise hasten ADA price crash to the $0.70 level.
Cardano price: what are analysts saying?
Market sentiment and broader macro influences weigh heavily not just crypto but overall risk assets.
This includes the US Federal Reserve’s anticipated rate decisions on Sept. 17 that analysts say could be notable for investor sentiment.
“The Fed is widely expected to begin its next easing cycle tonight, with markets fully pricing in a 25bp cut that will bring the policy rate to 4.00–4.25%,” analysts at QCP wrote. “Given the Fed’s well-telegraphed intention to start cutting in September, investor focus is squarely 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 an additional three in 2026. Powell’s press conference will provide further details on the Fed’s near-term policy path.”
ADA price: 150% amid bullish technical picture?
Over the past week Cardano’s price action has been characterized by a tight consolidation within a descending triangle pattern.
This is a technical formation that often leads to sharp directional moves.
Whereas ADA hovers just above its 20-day exponential moving average (EMA) at $0.86, the Relative Strength Index stands at 51 to suggest room for both bulls and bears.
Buyers can explore a new leg before hitting overbought conditions.
Conversely, hovering near the neutral mid-point signals that sellers have a similar outlook before ADA likely tips towards the oversold territory.
On the upward, Cardano will target the psychological barrier around $1.00 and then a new leg up.
However, if bulls fail to rally, a dip to the historical floor around $0.80 will offer an opportunity for new buying interest.
The $0.70 area is the other big zone of interest for sellers.
Such a move would mean a 10-15% retracement, before bulls retake control and ADA aims for $0.95 and above $1.00.
A 150% surge from current levels means Cardano could hit $2 or higher in coming months.
Bulls’ aim will also include the all-time high above $3.10 reached in September 2021.
