Cardano (ADA) follows DIPs across the market. The ADA fell 4.8% over the last 24 hours and 2.9% on the 14-day chart. Price dips are concerning, but assets remain profitable in other time frames. According to Coingecko’s ADA statistics, assets have increased by 5.7% last week, 5.1% the previous month, and 136% since August 2024. The ADA essentially doubled the investment that was made in August last year. While the current market scenario may seem dim, Cardano (ADA) may be preparing for a 61% rally in the coming weeks.
Cardano predicted to collect 61%
According to analysts at Concodex Ada, Cardano could experience a breakout rally in the coming weeks. The platform expects the ADA to trade on October 29, 2025 at $1.24. At $1.24 from the current price level, you’ll need a gathering of around 61%.
It is also possible that ADAs will not ralise as predicted by Concodex. The current market slump could be as investors await Consumer Price Index (CPI) data later today. Some experts have predicted that inflation will rise in July. High inflation numbers could potentially raise interest rates for the Federal Reserve.
Despite the possibility of high CPI figures, the Federal Reserve could cut interest rates in September. Several experts, including the CME FedWatch tool, point to interest rate cuts at 25 bases next month. Rate reductions can lead to increased risk for market participants. Cardano (ADA) and the larger crypto market could experience rallying under such circumstances.
However, there is still a possibility that the crypto market will gather even after interest rates are reduced. The world economy remains extremely vulnerable amidst trade turmoil. The trade war and slow economic growth could pose challenges to the prices of Cardano (ADA). Investors may get tired of putting their funds into dangerous assets such as cryptocurrencies.