Is Cardano (ADA) About to Rebound as the Fed Turns Dovish?

Cardano price is hovering near $0.70 after a sharp correction that wiped out nearly a month of gains. The bigger question now is whether Jerome Powell’s hint at more interest rate cuts could breathe life back into risk assets like ADA—or if this is just another dead-cat bounce before another leg down.

Cardano Price Prediction: What’s the Market Reading from Jerome Powell’s Comments?

 

Jerome Powell’s recent remarks suggest that the Federal Reserve is leaning toward cutting rates again to support a weakening job market. With inflation still hovering near manageable levels and a government shutdown limiting access to fresh data, the Fed is likely relying on private indicators and prior momentum to guide policy.

For crypto investors, this matters a lot. Rate cuts typically weaken the dollar and boost liquidity—conditions that often favor risk assets such as ADA. If the CME FedWatch Tool’s 97% probability of an October rate cut materializes, capital could start rotating back into crypto and high-beta tokens like Cardano.

But here’s the thing: Powell also stressed caution . If inflation flares back up due to tariffs, the Fed might pause cuts abruptly, trapping late entrants in volatile swings. That uncertainty will weigh on ADA until the next CPI release on October 24.

Cardano Price Prediction: What Does the ADA Price Chart Really Say?

ADA/USD Daily Chart- TradingView

The daily Heikin Ashi chart shows Cardano price consolidating just below the 20-day moving average ($0.78), with price oscillating around $0.70. Bollinger Bands are still wide, reflecting high volatility after the early-October plunge.

The key support sits at $0.63, while resistance looms near $0.78—right where the middle Bollinger Band aligns with the short-term moving average. The candles over the past few sessions show small-bodied indecision bars, signaling buyers are tentatively returning but not yet confident.

If ADA price can break above $0.75 with volume confirmation, a move toward $0.85 is likely. But if it fails and slips below $0.68, the next downside target is around $0.60—a zone that has acted as a liquidity pocket in previous selloffs.

How the Fed’s Rate Cut Could Influence ADA’s Next Move

A confirmed rate cut later this month could send ADA above its immediate resistance. Historically, dovish monetary policy has triggered rallies in Layer-1 assets as investors look for yield and long-term value plays outside traditional finance.

On the other hand, if the Fed surprises the market with a smaller-than-expected cut—or delays action due to inflation fears—the dollar could strengthen again, pushing ADA back below its short-term support range. In that case, ADA’s next defense line near $0.63 becomes critical.

What Traders Should Watch Next

• October 24 CPI Report – A soft inflation number would validate Powell’s dovish stance and could ignite an ADA breakout.
• Fed Rate Decision (Oct 29–30) – Any signal of multiple cuts ahead will fuel optimism across altcoins.
• Volume and Bollinger Squeeze – A tightening band pattern would suggest that volatility is about to spike again, likely setting the stage for ADA’s next major move.

Is ADA Price Ready to Rally?

$Cardano is sitting at a crossroads where macro sentiment and technical structure are starting to align. Jerome Powell’s dovish hints have reopened the door for a liquidity-driven rally, but the chart still demands confirmation.

If $ADA holds above $0.70 this week and gains strength near $0.75, the path toward $0.85–$0.90 becomes realistic before month-end. Failure to defend current levels, however, would expose it to a deeper retest near $0.60.

In short: ADA’s next big move will depend less on its blockchain headlines and more on how fast the Fed decides to pump fresh liquidity back into the system.