Cardano price has shown resilience in recent trading sessions, holding steady near yearly highs as market sentiment improves. ADA currently trades at $0.922, representing an 80% gain from its lowest point in April.
The cryptocurrency has benefited from improved market conditions following Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium on Friday. Powell’s comments hinted at potential interest rate cuts, which historically drive investors toward riskier assets including cryptocurrencies.
Charles Hoskinson, Cardano’s founder, has identified specific catalysts that could drive the next crypto bull run. He expects the Federal Reserve to begin cutting interest rates in September, which would make cryptocurrencies more attractive compared to traditional fixed-income investments.
JUST IN: #Cardano $ADA Founder Charles Hoskinson says the Fed is going to cut interest rates, "and then we're going to get the CLARITY Act, and then we're going to have the gigachad bull run." pic.twitter.com/FV6UGp278p
— Angry Crypto Show (@angrycryptoshow) August 23, 2025
Hoskinson also pointed to the Digital Asset Market Clarity Act as a second catalyst. This legislation aims to clarify crypto regulations in the United States by better defining jurisdictions between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
From a technical perspective, Cardano has formed a golden cross pattern on the daily chart. This occurs when a shorter-term moving average crosses above a longer-term moving average, typically viewed as a bullish signal by traders.
The cryptocurrency has moved above the important resistance level at $0.8637, which marked its highest point in May. This level also represents the neckline of a double-bottom pattern that formed earlier this year.
ADA price remains above its 50-day moving average, while the Supertrend indicator has turned green. The Relative Strength Index reads 58, above the neutral level of 50, indicating bullish momentum is gaining traction.
Derivatives data reveals increasing interest in Cardano futures contracts. Open Interest rose from $1.54 billion on Friday to $1.77 billion on Monday, approaching its record high of $1.87 billion.
Rising Open Interest typically indicates new money entering the market, which could fuel continued price rallies. This metric represents additional positions being opened rather than existing positions being closed.
Cardano’s stablecoin market capitalization has been consistently rising since late July. The metric currently stands at $38.58 million, though this remains below the all-time high of $40 million reached earlier.
Hoskinson maintains a bullish outlook based on upcoming network developments. The Midnight Network, a Cardano sidechain focused on privacy, is currently distributing tokens to holders of major cryptocurrencies including Bitcoin, Ethereum, and Solana.
Cardano has also partnered with BitcoinOS to integrate Bitcoin functionality into its network. This partnership aims to simplify yield generation for Bitcoin holders through Cardano’s infrastructure.
However, developer adoption remains limited. The network currently hosts only a small number of decentralized applications compared to competing blockchains.
Last week, ADA declined 5.4% before finding support around the $0.84 level. This level coincides with the 61.8% Fibonacci retracement level and represents a key support zone for the cryptocurrency.
If the upward trend continues, traders are watching for a break above the August 14 high of $1.02. A successful close above this level could extend gains toward the yearly high of $1.17.
The Moving Average Convergence Divergence indicator shows converging lines, indicating indecision among traders about the next directional move.
The post Cardano (ADA) Price: Hoskinson Predicts Major Bull Run Fueled by Rate Cuts and Regulatory Reform appeared first on CoinCentral.
