If cryptocurrencies and the Federal Reserve of the U.S. join hands, can we expect an epic rally in Cardano? 🚀
Hey, my people! Listen to this bombshell coming from the crypto world. Imagine that the price of Cardano (ADA), that coin many are following, is about to explode, but not because of an event from its network, but due to what a group of bankers is about to decide in the United States. 🤯
The situation is like this: the price of Cardano (ADA) is showing a super positive move in its charts. Experts see it as an “ascending wedge,” which is like a rocket ready to take off. If everything continues on its course, market analysts see Cardano shooting up to $1.65 dollars. 🚀
Now, who is fueling that rocket? None other than the Federal Reserve of the U.S.! It turns out there is an 86% chance that in its next meeting, they will cut interest rates. And what does that mean? Well, money becomes cheaper, liquidity flows, and people are encouraged to invest in riskier things, like cryptocurrencies. This creates the perfect environment for ADA to soar.💰
Sure, the road is not a pothole-free highway. To reach that $1.65, it has to break through some important resistances, like $0.95 and $1.05 dollars. But if it succeeds, the next key levels are $1.16 and $1.40, before hitting the final goal. And just in case, it has solid supports at $0.82 and $0.78 that protect it from a strong fall.
In summary: the good vibes in the crypto market, combined with the almost certain decision of the Fed, are putting Cardano in the spotlight of all investors. It's a play where technology and macroeconomics shake hands to see if they can take this crypto to new horizons. We’ll have to stay super alert to see how this financial drama unfolds!$ADA
