Jerome Powell’s recent statements That suggests the Fed is leaning toward cutting rates again to support the weakening job market. With inflation still hovering around manageable levels and the government shutdown limiting access to the latest data, the Fed is likely relying on private indicators and prior momentum to guide policy.
For crypto investors, this is extremely important. Lower interest rates typically weaken the dollar and increase liquidity, often favoring risk assets such as ADA. For CME FedWatch tool has a 97% chance If October’s rate cut materializes, capital could start returning to cryptocurrencies and high-beta tokens like Cardano.
But the problem is: Mr. Powell also emphasized caution.. If tariffs reignite inflation, the Fed could suddenly pause rate cuts, trapping latecomers in volatile swings. This uncertainty will weigh on the ADA until the next CPI release on October 24th.
Cardano Price Prediction: What Does the ADA Price Chart Really Show?
On the daily Heikin Ashi chart, we can see that Cardano’s price is hovering slightly below the 20-day moving average ($0.78), with the price hovering around $0.70. Bollinger Bands remain wide, reflecting the high volatility following the early October sell-off.
Major support is at $0.63, and resistance is looming near $0.78, right where the central Bollinger Band coincides with the short-term moving average. The candlesticks over the past few sessions have shown indecision, indicating that buyers are tentatively returning but are not yet convinced.
If the ADA price can break through $0.75 based on volume confirmation, it is likely to head towards $0.85. However, if that fails and the price falls below $0.68, the next downside target will be around $0.60. This zone has acted as a liquidity pocket during past declines.
Impact of Fed rate cut on ADA’s next move
Interest rate cut confirmed later this month ADA may outweigh immediate resistance. Historically, dovish monetary policy has driven a rally in layer 1 assets as investors seek yield and long-term value plays outside of traditional finance.
On the other hand, if the Fed surprises markets with a smaller-than-expected rate cut or delays action due to inflation concerns, the dollar could rise again and push ADA below short-term support. In that case, the next line of defense for ADA will be around $0.63.
What traders should focus on next
- CPI report for October 24th – Moderate inflation data confirms Powell’s dovish stance and could trigger an ADA breakout.
- Fed interest rate decision (October 29-30) – Signs of multiple cuts will increase optimism for altcoins overall.
- Volume and Bollinger Squeeze – If the band pattern is shrinking, it suggests that volatility is about to spike again, which could set the stage for the next big move in ADA.
Is ADA Price Ready to Rise?
$Cardano is at a crossroads where macro sentiment and technical structure are starting to align. Jerome Powell’s dovish hints have reopened the door to a liquidity-led rally, but the chart still needs confirmation.
If $ADA gains momentum above $0.70 and around $0.75 this week, it has a realistic path towards $0.85-$0.90 by the end of the month. However, failure to sustain current levels will expose it to further retesting around $0.60.
That means ADA’s next big move will depend less on blockchain headlines and more on how quickly the Fed decides to inject new liquidity into the system.
