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.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post Cardano Price Set to Explode? Charts Hint at 30% Rally Ahead appeared first on Coindoo.

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Filed under: Bitcoin - @ September 6, 2025 6:00 am