Cardano Price Set to Explode? Charts Hint at 30% Rally Ahead

The latest U.S. jobs report showed only 22,000 positions added in August, far below July’s 79,000 figure. Unemployment ticked higher to 4.3%, prompting fresh calls for the Federal Reserve to ease policy. Top economist Mohamed El-Erian argued the data “guarantees” a rate cut later this month and even raised the possibility of a more aggressive 50 basis-point move.

For crypto markets, looser monetary conditions often mean greater appetite for risk. If the Fed confirms a cut at its upcoming meeting, ADA and other altcoins could see renewed demand from both institutional and retail investors.

Bullish Structures Taking Shape

From a technical perspective, Cardano is trading comfortably above its 100-day Exponential Moving Average, a level that has historically served as reliable support. The coin also bounced off critical Murrey Math Line levels — areas that often trigger reversals.

Two bullish formations have emerged simultaneously:

A bullish flag, typically a continuation pattern that precedes sharp upside moves. An inverse head-and-shoulders, widely seen as a long-term bullish reversal setup.

If confirmed, these patterns could send ADA toward the $1.07 region, around 30% above current levels. However, analysts caution that a drop below $0.684 would invalidate the bullish thesis.

ETF Speculation Adds Fuel

Another driver in focus is regulatory. The SEC faces an October deadline on a spot ADA ETF application submitted by Grayscale. Optimism is building that approval could arrive, especially following momentum in other crypto ETFs this year. Traders say such a move could accelerate institutional inflows into Cardano, cementing its role as one of the top Layer-1 networks.

With supportive technicals, looming Fed cuts, and ETF speculation all converging, ADA appears well-positioned for upside. If these catalysts materialize together, the token could reclaim territory above the $1 mark for the first time in months. For now, market watchers are watching both Washington and Wall Street as key indicators for Cardano’s next move.

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