Will Cardano Soar if the U.S. Economy Collapses?

Current Market Situation: Cardano ($ADA) is approaching the critical $1 mark amid rising U.S. recession fears, with youth underemployment hitting 17%, indicating potential economic weakness.

Impact of Labor Market on Crypto: Weakness in the U.S. job market typically leads investors to seek alternative assets like crypto, which could benefit ADA if liquidity increases due to Federal Reserve easing.

Price Analysis and Predictions: ADA has shown bullish momentum, trading near $0.94, with immediate support at $0.92 and resistance at $1.00; a breakout above $1 could lead to further gains towards $1.10–$1.25.

Investment Strategy: If ADA maintains above $0.92, bullish sentiment remains strong, but a drop below $0.90 could hinder its upward trajectory; buying ADA on platforms like OKX involves straightforward steps for both new and experienced traders.