Cardano Setup: ADA Poised for 97% Rally After FOMC?

3 mins mins

Key Insights:

ADA holds strong above $0.58 support as traders prep for post-FOMC volatility.
$0.80 breakout level could spark a rally toward $1.70, according to pattern analysis.
Traders eye up to 97% upside if bullish structure confirms after macro events settle.

*Cardano Setup: ADA Poised for 97% Rally After FOMC?*

Cardano (ADA) was trading around $0.65 as markets wait for today’s U.S. Federal Reserve policy decision. The price is down slightly in the last 24 hours but remains up 3.3% over the past week.

Price Holds Key Support Range

ADA continues to trade inside a support zone between $0.58 and $0.67. This area has acted as a floor since mid-October, with buyers stepping in during repeated retests. The price is now near the middle of this range, showing some stability.

According to The Sniper Club, a potential spot long trade is being considered within this range. “We will be taking a long spot trade if the situation presents itself,” the group posted, noting that the plan depends on how the market reacts after the FOMC meeting. A stop-loss is placed just below $0.52.

$ADA 1d Chart🚨

The price of CARDANO is currently consolidating in an area of support, that is providing an opportunity to enter a long spot trade. (This depends on the outcome of tonights FOMC meeting, where we will be taking a long spot trade if the situation presents itself.)… pic.twitter.com/6Zk6G9bwWs
— The Sniper Club (@RealSniperClub) October 29, 2025

Resistance Zones Set Trade Targets

Above current levels, two key resistance zones are in focus. The first sits between $0.74 and $0.85, a level that rejected the price in September. The second lies between $0.94 and $1.14—close to this year’s highs.

If buyers return after the Fed meeting, these zones may act as potential targets. The trade setup shared suggests gains of up to 97% if momentum carries ADA toward the second resistance zone.

Larger Pattern Points to Breakout Potential

A separate chart from analyst Ali shows ADA inside a large symmetrical triangle. This pattern has been forming since late 2024 and is now nearing its end point.

Ali said,

“Cardano $ADA needs to break above $0.80 to rally toward $1.70,”

This $0.80 level lines up with the triangle’s upper boundary. A clean move above it would confirm a breakout and could push ADA toward the projected target near $1.70.

Market Awaits Fed Reaction

ADA has traded sideways for most of October, with no new lows and consistent buying near support. Traders are watching today’s Fed announcement for clues on what comes next.

Volume remains low as participants wait. If conditions shift, ADA has a clear structure in place. Until then, price remains trapped between support and resistance.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.