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Cardano Price Prediction: Fed Kills Forward Guidance & ADA Faces a 60-Day Window That Decides Everything

6h ago•
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  • ADA trades at $0.1647 below the Supertrend at $0.1977 as FOMC held rates unchanged but eliminated all forward guidance
  • Long liquidations hit $1.80M over 24 hours against just $162.78K on the short side as OI fell 4.73%
  • A 60-day US-Iran negotiation window begins Friday with 80% of the deal reportedly finalized

Cardano trades at $0.1647 on June 18, slipping 1.20% after Fed Chair Kevin Warsh held rates unchanged but announced the end of forward guidance, meaning every future FOMC meeting is now a surprise with no pre-signaled path. ADA built into the decision and sold off on the conclusion, a pattern that has played out at nearly every FOMC meeting this cycle.

ADA Daily Chart: Descending Channel Tightening With All EMAs Above Price

ADA Daily Price Action (Source: TradingView)

The daily chart shows ADA locked inside a descending channel that has been compressing …

Read The Full Article Cardano Price Prediction: Fed Kills Forward Guidance & ADA Faces a 60-Day Window That Decides Everything On Coin Edition.

6h ago•
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bearish:

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