Cardano Dey Near $1 as U.S. Labour Wahala Dey Fuel Recession Fears
Cardano (ADA) dey test di important $1 level as tins dey show say US labor market no strong again. Di youth underemployment yarn up to 17% for July, di highest since di pandemic start, plus di general unemployment rise go 4.2%. History don show say when cracks dey US job market, investors fit shift dia money go alternative assets, wey fit make ADA price catch better momentum. For di daily chart, ADA price don strongly recover since middle of July, e dey trade above di 20-day SMA and e dey close near $0.94. Immediate support level na $0.92, and deep support dey for $0.81. Resistance stand for $1.00, then $1.10 and $1.25. If price close above $1, e fit start FOMO buying and make breakout happen. If Fed go easy monetary policy because unemployment dey rise, di extra liquidity fit push ADA go near $1.25–$1.30 by Q4 2025. But if recession fear increase, price fit test di $0.85–$0.90 zone again before e bounce back.
Bullish
Di outlook dey bullish. Historically, US labour market stress—like di 2020 pandemic spike for unemployment—deye usually make Fed dey do easing and put liquidity into crypto, wey dey drive prices higher. Di current jump for youth underemployment to 17% plus di rise for overall unemployment to 4.2% fit trigger di same kind Fed rate cuts, wey go attract fresh capital enter Cardano.
Technically, ADA price don establish solid base above di 20-day SMA and e dey consolidate just below $1. If e clear close above $1, e go likely spark FOMO buying, open targets for $1.10–$1.25. For short term, traders fit chase di breakout; for long term, steady Fed support and institutional interest fit make di upward trend strong. If e breakdown below $0.90, e go cancel di bullish thesis, but as long as ADA hold above key support, momentum go still dey for the upside.