Cardano (ADA) Price: Momentum Builds as Bulls Eye Breakout on Fed Cut Hopes

TLDR

Cardano (ADA) price trades at $0.88, up 5% in 24 hours, reclaiming $30 billion market cap Technical analysis shows rising wedge pattern with targets at $1.16, $1.40, and $1.65 Federal Reserve 50bps cut odds surge to 17% for September, creating bullish conditions Key support levels at $0.85, $0.83, and $0.80 with resistance at $0.90-$0.95 ADA shows monthly gains of 8.7% with buyers defending critical support zones

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Cardano (ADA) has demonstrated renewed strength, trading near $0.88 with a 5% gain in the past 24 hours. The token has successfully reclaimed the $30 billion market cap threshold, marking a potential shift in market sentiment.

Cardano (ADA) Price

The price recovery comes as ADA consolidates around $0.856, showing buyers are stepping in to defend key support levels. This move positions Cardano as one of the few major cryptocurrencies displaying genuine strength in the current market environment.

Monthly performance data reveals ADA has gained 8.7% over the past 30 days. The token bounced strongly from the low $0.80s after testing highs close to $1.00 earlier in the month.

Current price action shows ADA has pulled back but successfully held the $0.83-$0.85 range. The reclaim of $0.85 indicates strengthening buyer interest and a potential momentum shift.

Chart analysis reveals higher lows throughout September, with clear resistance forming at $0.90-$0.95. Maintaining support above $0.85 remains crucial for any sustained upward movement.

Technical Analysis Points to Higher Targets

The Cardano price chart displays a rising wedge pattern with several bullish indicators. Immediate resistance stands near $0.95, while the $1.05 zone marks the next barrier on the chart.

Source: TradingView

Clearing these levels could open the path toward $1.16, with Fibonacci extensions pointing to $1.40 and ultimately $1.65. Support remains intact at $0.82 and deeper at $0.78, providing protection against downside risks.

Market structure shows sustained interest, with accumulation continuing along the established trendline. The parabolic SAR indicator sits below the current ADA market value, suggesting potential for upward movement.

Daily candles confirm adherence to the trend, making bullish continuation more probable than reversal. The wedge formation often resolves with sharp movement, supporting projections of a breakout scenario.

Key support levels include $0.85, followed by $0.83 and $0.80. On the upside, resistance appears at $0.88-$0.90, then $0.95 and the psychological $1.00 barrier.

Federal Reserve Decision Shapes Market Outlook

Markets are increasingly considering a more aggressive September move from the Federal Reserve. Probabilities of a 50 basis point cut now stand at 17%, according to Polymarket data.

While a 25 basis point cut remains the baseline expectation, the growing probability of a 50 basis point reduction is shaping liquidity forecasts. The 50 basis point cut odds have surged from 11%, highlighting shifting sentiment.

JUST IN: 🇺🇸 September Fed rate cut odds surge to 100%. pic.twitter.com/ec4b91MKUE

— Whale Insider (@WhaleInsider) September 8, 2025

This shift follows Jerome Powell’s Jackson Hole policy speech on rate cuts, where he acknowledged labor market risks. Powell hinted that a September move might be necessary, creating expectations for looser monetary conditions.

Historically, aggressive easing measures have amplified capital flows into risk assets. This environment could reinforce upside potential for altcoins like Cardano.

Stronger liquidity conditions align with ADA’s rising wedge breakout structure. The combination validates targets above $1.40 and toward $1.65.

Several factors are driving ADA’s current strength. Surpassing $30 billion in market cap often attracts institutional flows, while Bitcoin and Ethereum’s consolidation has led to capital rotation into Layer-1 alternatives.

If ADA closes above $0.90, momentum could drive a rally to $0.95 with a possible retest of $1.00. However, failure to clear $0.90 would likely keep the token in a $0.83-$0.90 range.

A breakdown below $0.83 would risk a slide toward $0.80, testing the lower support boundary. The current trajectory remains constructive as long as buyers hold above $0.85.

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