Amid shaky macroeconomic conditions, Cardano price forecasts are gaining strength as the altcoin sees renewed interest, with 996,010,000 tokens changing hands in early Thursday trading. A 6% daily close signals a potential reversal after a sluggish week that saw red in five of the past six sessions. As the US-China trade war begins to hit consumers and U.S. GDP contracts for the first time since Q1 2022, market momentum has broadly stalled as traders moved to offload positions. But with this renewed strength, Cardano could have a case for the “best crypto to buy” conversation—moving past the market shakeout. Upcoming Catalysts Bolster the ADA Price Outlook With the Federal Reserve meeting set for May 6–7, anticipation is building that signs of economic contraction could prompt interest rate cuts later this year. While traders currently see little chance of a cut next week—93.2% expect no change, according to CME Group data —expectations for easing are growing for June. Such a policy shift could spark short-term growth and renewed market enthusiasm, adding fuel to bullish Cardano price forecasts. More so, Polymarket bettors are at their most confident yet, with odds hitting an all-time high of 71% in favor of a Cardano ETF approval in 2025. This untapped institutional demand could fuel Cardano’s price action, opening the door to broader exposure through traditional investment channels. Cardano Price Analysis: Is $100 ADA Close? While a $1000 Cardano is an unrealistic near-term target as economic concerns continue to weigh on risk-on sentiment, there is merit to the argument that ADA could see a surge. In the near term, the Cardano price faces a key barrier at the $0.70 resistance to advance a breakout of a 5-month symmetrical triangle pattern. ADA / USDT 3-day chart, symmetrical triangle pattern. Source: TradingView / Binance. A clean move above this level would bring the $0.75 resistance into focus—a likely retest point aligning with the upper bound of the channel. If the Cardano price can decisively clear this range, the rally that began in April could mark a wider trend reversal, extending another 100% toward $1.40. A credible scenario as momentum indicators continue to lean bullish. The MACD continues to widen its lead above the signal line, suggesting a long-term uptrend is taking shape. However, the RSI remains below the neutral 50 mark after a recent rejection—showing that while bullish momentum is building, sellers still haven’t been fully overpowered. A rejection from this point could see the Cardano price retrace 25% back to lower support at $0.53. Still, if momentum holds and the breakout confirms, the path toward a $100 ADA—though distant—could start to take shape sooner than many expect. This New ICO Could Push a Rival Chain Ahead Those who turned to Cardano as a Layer-1 alternative to Solana may want to reconsider – Solaxy ($SOLX) has just addressed Solana’s biggest weakness: scalability. As any user would know, failed transactions are the platform’s biggest gripe. But that narrative could shift with the arrival of Solaxy , Solana’s first-ever Layer-2 scaling solution. By processing transactions off-chain and finalizing them on Solana, Solaxy significantly reduces congestion and lowers transaction costs, while offering seamless interoperability across both blockchains. With over $32.7 million in its ongoing presale , investors are already rallying behind the project. When demand for Solana increases, it could be the one to reap the fresh ecosystem liquidity. You can keep up with Solaxy on X and Telegram , or join the presale on the Solaxy website . The post Cardano Price Prediction: 1 Billion ADA Traded in 24 Hours – Is $100 ADA Closer Than You Think? appeared first on Cryptonews .
