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.