Cardano Could Hit $1.5 if Fed Cuts Rates in September, Story’s IP Hits Double-Digit Gains

The Cardano price is gaining attention as bullish sentiment builds ahead of a major macro event this September. Market watchers like Sssebi believe the value of Cardano could skyrocket if the Fed announces an interest cut this September.

Meanwhile, Story Protocol’s native token, IP, has seen a huge uptick in price. CoinMarketCap data shows the value of the AI coin has climbed 10.54% on the 7D chart.

Analyst Forecasts Potential Cardano Price Surge To $3

Sssebi, a prominent crypto analyst, believes Cardano has the potential to break key resistance levels this month. According to him, if the Federal Reserve announces rate cuts on September 17, ADA could surge past $1.25. 

If the momentum is maintained, the cryptocurrency could close above $1.50 by the end of September. This momentum, he contends, can be the precursor to a bigger breakout. 

Sssebi also predicts that the Cardano price can rise to $3 in three months with wider market tailwinds, such as expected Cardano ETF approvals. Analysts like Butterfly also support his bullish outlook. 

The market watcher informed his followers that the Cardano coin trades below a bullish flag resistance. Butterfly continued to add that bulls are mounting serious pressure and a breakout may be just around the corner. ADA could surge towards $2, the market watcher concluded.

Meanwhile, according to CoinMarketCap data, Cardano is climbing 2.7% on the 7D chart. The DeFi coin has been trading at $0.78-$0.84. A breakout above the upper level could clear the path to $0.92, Ali_Charts revealed in a recent tweet. For now, technical indicators like the 14-Day RSI (45.34) show that Cardano is in a neutral position. 

Story Defies Market Odds With Massive Climb

Since the launch of its mainnet protocol in February, the Story Protocol has been on a run, gaining 200,000 active users. The Story price has also seen huge price growth, defying market fluctuations, courtesy of developer-friendly upgrades, token buybacks, and support from venture capitalists like a16z and Grayscale.

According to CoinMarketCap, the IP price has risen by 9.83% on the 24H chart and 10.54% on the 7D timeframe. The Story price recently hit a peak of $8.87 on Monday and could climb to $9.00 if the current momentum continues. 

A market watcher, Han, believes that the price of IP could see a rise to $9.2 soon. Cryptoknight890 predicts that the price of Story could rally to $14 in the coming weeks. 

In the meantime, technical analysis shows that bullish pressure is high. The RSI sits at 67, signaling high buying momentum, which could push the value back to the overbought zone. In addition, the ADI displays a buy signal, indicating strong bullish strength. 

Closing Thoughts 

The crypto market shows signs of bullish revival as September unfolds. Cardano and Story Protocol have increased in value on the charts, an indicator that the bulls are picking up. With a potential interest rate cut ahead, both ADA and IP could see more upward movement in the coming days. However, a shift in momentum or pressure from upper resistance levels could stall both coins.