Cardano Price Prediction: Fed Kills Forward Guidance & ADA Faces a 60-Day Window That Decides Everything
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Cardano (ADA) trades at $0.1647 on June 18, down 1.20% and below the Supertrend at $0.1977 after the Fed ended forward guidance, increasing macro uncertainty for crypto. Over 24 hours long liquidations hit $1.80M versus $162.78K in shorts, open interest fell 4.73%, and technicals show a tightening descending channel with all EMAs above price, signaling bearish token performance and elevated market risk as a 60-day US‑Iran negotiation window (80% finalized) adds geopolitical uncertainty.
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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
The daily chart shows ADA locked inside a descending channel that has been compressing …
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