The post If the U.S. Crashes, Does Cardano Moon? appeared on BitcoinEthereumNews.com.

The latest U.S. labor data is flashing red. Youth underemployment has surged to 17% in July, the steepest rise since the 2020 pandemic. Payroll revisions for May and June were sharply cut, and unemployment ticked up to 4.2%.  U.S. employment. Source: Bloomberg Historically, when early cracks appear in the job market, capital starts flowing into alternative assets as investors hedge against economic uncertainty. Bitcoin often benefits first, but altcoins like Cardano (ADA) follow as liquidity spreads across the crypto market. This creates a paradox: a weakening U.S. economy could initially weigh on risk assets, but if the downturn triggers aggressive Fed easing, liquidity may support ADA’s upside momentum. Cardano Price Prediction: ADA’s Daily Chart Signals ADA/USD Daily Chart: TradingView Looking at ADA’s daily chart, the coin has been in a strong recovery phase since mid-July. Price has pushed above the mid-Bollinger Band (20-day SMA), confirming bullish strength. The latest close near $0.94 shows ADA consolidating just under the psychological $1 level. Support: Immediate support sits near $0.92, where the mid-Bollinger band and recent breakout zone converge. A deeper cushion lies at $0.81, the lower band. Resistance: The key resistance is $1.00. Beyond that, Fibonacci projections place the next zones at $1.10 and $1.25. The series of higher lows and expanding green candles signal strong momentum. The fact that ADA held gains despite broader market caution around U.S. economic data suggests buyers are confident. Will ADA Price Break $1 in the Short Term? With the U.S. labor market showing cracks, speculative capital could rotate into crypto, driving ADA higher. A decisive daily close above $0.98–$1.00 would likely trigger a wave of FOMO buying, opening the path to $1.10–$1.15. However, if macro fears turn into full-blown recession panic, risk-off sentiment could see ADA price retesting the $0.85–$0.90 region before resuming its climb.…

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Filed under: News - @ August 18, 2025 9:27 am