- 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
Ethereum Outperforms S&P 500 by 1,696 Basis Points Since U.S.-Iran Conflict, Says Tom Lee
Gate News message, April 27 — Tom Lee, chairman of Bitmine, stated that Ethereum has outperformed the S&P 500 index (U.S. benchmark equity index) by 1,696 basis points since the U.S.-Iran conflict, making it the best-performing single asset globally aside from crude oil. According to Lee, ETH has de
GateNews1h ago
New Altcoins Outperform Older Tokens in 2025, Data Shows Divergence in Exchange Performance
Gate News message, April 27 — In 2025, newly launched altcoins significantly outperformed older tokens, marking a shift in how liquidity is allocated across the crypto market. While older altcoins posted net losses between 18% and 23%, newly listed altcoins in 2025 retained 5% in net gains,
GateNews1h ago
SHIB Exchange Inflows Ease as 43B Tokens Hit Platforms
Shiba Inu recorded a softer inflow trend to exchanges after approximately 43 billion SHIB moved to trading platforms in 24 hours, according to on-chain data. The figure remains positive but shows a slower pace compared with earlier spikes, suggesting that short-term selling pressure may be
CryptoFrontier3h ago
NFT Blue Chips Rally as Prices Climb Despite Thinning Market Activity
With 201 sales and approximately 1,000 ETH in volume over the previous seven days, Pudgy Penguins has seen a floor rise above 5 ETH, a 20% increase from last week.
Data from CryptoSlam shows that worldwide sales of NFTs declined to around $175 million in April from $304 million in
TheNewsCrypto3h ago
Bullish Altseason Indicators Continue to Appear as Expectations for New Altcoin ATHs Rise
Bullish altseason indicators continue to appear.
Expectations for new altcoin ATHs to occur rise.
Which altcoin assets will set a new ATH first?
The crypto market continues to hold steady prices as promising crypto assets show high possibilities for their prices to hit higher bullish ta
CryptoNewsLand4h ago
Global Crypto Funds Record $1.2B Weekly Inflows as Bitcoin Leads Institutional Capital Surge
Gate News message, April 27 — Global crypto investment products issued by asset managers including BlackRock, ARK 21Shares, and Fidelity recorded $1.2 billion in net inflows last week, according to CoinShares data. Bitcoin-based products led the charge with $932.5 million, pushing year-to-date bitco
GateNews5h ago
