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What Could Trigger a 400% Rally in Cardano’s Price?
Cardano (ADA) is currently facing short-term resistance at its 21-day moving average (21DMA). While a minor rebound is possible, a sustained upward move appears unlikely in the near term.
Just a week ago, ADA broke above a short-term downtrend. If it manages to clear the 21DMA, it could potentially rally toward its 200DMA, which lies in the $0.70 range.
Cardano Price Outlook
Zooming out, Cardano remains locked within a broader multi-month trading range between approximately $0.50 and $1.20. A breakout beyond this range seems improbable at the moment due to a few key factors:
Investor risk appetite remains low.
There is little expectation of fresh liquidity entering the markets soon.
While the Trump administration has a pro-crypto stance, its commitment to tariffs could harm the U.S. economy and elevate inflation. Both the stock and crypto markets are already under pressure from slowing growth.
To complicate matters, Federal Reserve officials—including Chair Jerome Powell—remain hesitant to cut interest rates due to persistent inflation concerns. Historically, altcoin seasons that benefit projects like Cardano have aligned with periods of aggressive Fed liquidity injections, which now seem unlikely.
How a 400% Cardano Rally Could Happen
If the U.S. economy falls into a recession later in 2024 and the Fed delays intervention, crypto markets could experience a steep downturn. Under such conditions, ADA might drop back to the $0.30 level.
For Cardano to rally by 400% and revisit its all-time highs above $3.00, several conditions would need to align:
The economy would need to recover from any recession, improving overall market sentiment.
The Federal Reserve would likely need to implement significant monetary easing, potentially including a new round of quantitative easing (QE).
Renewed interest in altcoins could drive capital into ADA, igniting a new crypto bull cycle.
#Cardano #TrumpVsPowell #PowellRemarks $ADA
What Could Trigger a 400% Rally in Cardano’s Price?
Cardano (ADA) is currently facing short-term resistance at its 21-day moving average (21DMA). While a minor rebound is possible, a sustained upward move appears unlikely in the near term.
Just a week ago, ADA broke above a short-term downtrend. If it manages to clear the 21DMA, it could potentially rally toward its 200DMA, which lies in the $0.70 range.
Cardano Price Outlook
Zooming out, Cardano remains locked within a broader multi-month trading range between approximately $0.50 and $1.20. A breakout beyond this range seems improbable at the moment due to a few key factors:
Investor risk appetite remains low.
There is little expectation of fresh liquidity entering the markets soon.
While the Trump administration has a pro-crypto stance, its commitment to tariffs could harm the U.S. economy and elevate inflation. Both the stock and crypto markets are already under pressure from slowing growth.
To complicate matters, Federal Reserve officials—including Chair Jerome Powell—remain hesitant to cut interest rates due to persistent inflation concerns. Historically, altcoin seasons that benefit projects like Cardano have aligned with periods of aggressive Fed liquidity injections, which now seem unlikely.
How a 400% Cardano Rally Could Happen
If the U.S. economy falls into a recession later in 2024 and the Fed delays intervention, crypto markets could experience a steep downturn. Under such conditions, ADA might drop back to the $0.30 level.
For Cardano to rally by 400% and revisit its all-time highs above $3.00, several conditions would need to align:
The economy would need to recover from any recession, improving overall market sentiment.
The Federal Reserve would likely need to implement significant monetary easing, potentially including a new round of quantitative easing (QE).
Renewed interest in altcoins could drive capital into ADA, igniting a new crypto bull cycle.
#Cardano #TrumpVsPowell #PowellRemarks $ADA
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