- What’s next for ADA price?
- Fed rate decision in focus
The crypto market is seeing mixed trading action on Tuesday as investors await further economic data and look ahead to the Federal Reserve’s interest rate decision.
Cardano is trading in red, down 1.27% in the last 24 hours and 3.24% weekly.
Despite this drop, Cardano’s open interest has risen, coupled with a volume surge on a major derivatives exchange. According to CoinGlass data, Cardano’s open interest rose 2.31% in the last 24 hours, reaching $660.19 million.
In this time frame, Cardano futures volume rose on the Bitmex crypto exchange by 9,695% to $136.80 million.
What’s next for ADA price?
Cardano reversed its drop from the weekend on Monday, reaching a high of $0.358, but it could not sustain above here.
The $0.33 support remains a critical short-term level to watch out for. Buyers will have to push ADA above the daily MA 50 at $0.383 to signal strength. ADA might then target $0.50, a key resistance ahead.
If the ADA price continues to decline, it might target $0.33 next. Cardano might aim for $0.27 in the absence of a relief rally.
In Cardano news, Leios upgrade is progressing, completing 40% in current milestones. In the past week, 80 updates were published, while the latest simulation results showed a sustained throughput capacity of about 300 TxkB/s.
Fed rate decision in focus
This week, the Fed’s rate decision remains in focus, with the policy move expected to be announced on Wednesday afternoon.
Traders are widely expecting the Fed to keep its key rate unchanged at a target range of 3.5% to 3.75%, but they will be monitoring the press conference and comments from Fed Chair Jerome Powell subsequently for clues on future monetary policy.
Investors are also predicting two quarter percentage point cuts by the end of 2026, after the Fed cut rates three times in 2025.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Fear and Greed Index Falls to 32, Indicating Panic State
Gate News message, April 26 — The Crypto Fear and Greed Index currently stands at 32, up 2 points from the previous day, according to Coinglass data. The index is in a panic state.
The seven-day average is 34, while the 30-day average is 19, indicating elevated market anxiety over the past
GateNews18m ago
PLA Plummets 47.8% in 30 Minutes, Dropping Below $0.12
Gate News message, April 26 — PLA (PlayDapp) price crashed 47.8% in just 30 minutes today, falling to $0.1225. The token, which hit a day high of $0.2347, now trades at $0.122512 with a market cap of approximately $305 million. Trading volume remains notably low, reflecting reduced investor
GateNews50m ago
7-Day AI Coin Performance Explodes — Are These 5 Tokens Worth Buying Right Now?
These tokens’ weekly performance reflects different degrees of stability, speculation, and maturity.
Social factors and interactions also contributed to short-term price dynamics.
Those with larger ecosystems appear to have more stable price movements than highly volatile assets.
There h
CryptoNewsLand5h ago
Trump delays the schedule of talks with the Middle East envoy, and Bitcoin slips modestly as geopolitical volatility eases
U.S. President Trump announced that the itinerary of the Middle East envoy, Wittekoff, and Kushner to Pakistan has been canceled, emphasizing that the U.S. side holds the negotiating initiative; Bitcoin fell in the short term due to the news, and analysts say it was due to a geopolitical risk premium, with market focus shifting to the Palm Beach crypto conference and future regulatory developments.
ChainNewsAbmedia5h ago
SUI Price Eyes $1.10 Breakout as Whale Positions Rise
Key Insights
SUI trades at $0.96 with RSI at 53.66, showing neutral momentum while maintaining upside room for expansion toward resistance levels.
Whale positioning at 70% long signals strong institutional confidence, aligning with rising open interest and steady capital inflows despite
CryptoNewsLand9h ago
PEPE Price Climbs as Bulls Test Key Resistance Breakout
Key Insights
Pepe’s price rises for three days as improving sentiment boosts retail demand, supported by stronger participation and steady gains in futures open interest.
Futures open interest climbs above $213 million, signaling growing trader confidence as rising positions align with
CryptoNewsLand9h ago
