Recent changes in U.S. trade policy create uncertainty in the markets that may affect the price of Cardano (ADA) cryptocurrency.
Impact of Tariffs on the Economy
The recent court ruling against President Trump’s tariffs has created significant uncertainty in global trade policy. Economists warn that these measures could lead to a 0.9% GDP decline and the loss of over 831,000 jobs. Despite potential revenue increases for the government, the negative impacts on the economy are becoming apparent.
Analysis of Current ADA Situation
Currently, ADA is trading around $0.83, indicating consolidation movements after a sharp decline in August. The nearest support and resistance levels are at $0.78 and $0.87 respectively. If the level of $0.87 is breached, a rise towards $0.95-1.00 is possible, while a drop below $0.78 could result in more significant losses.
Forecasts for September and Beyond
Current uncertainty may persist until October 14. ADA could fluctuate between $0.78 and $0.90 until clarity emerges in trade policy. If markets continue to decline due to recession risks, ADA may fall to $0.70. Conversely, if investors turn to cryptocurrency as an alternative, ADA might see inflows and test the $1.00 level again.
The situation with Cardano's price in September hinges on the impact of tariff decisions and the overall market state. Uncertainty could lead to both recovery and further price drops.
