Cardano Price Holds Firm on Mastercard Partnership
The Cardano price prediction for September 17 remains bullish above $0.1955, the level ADA is testing after the CLARITY Act's Senate defeat triggered a wave of long liquidations.
$ADA trades near $0.1958, up 0.25%, sitting almost exactly on the 0.382 Fibonacci retracement at $0.1955, drawn from the June low near $0.1380 to the earlier high.
Cardano's partnership with Mastercard is seen as a fundamental tailwind for ADA, but the market remains cautious due to rising Treasury yields and the CLARITY Act's defeat in the Senate.
The Cardano Foundation joined Mastercard's Crypto Partner Program, where it will work on cross-border payments, B2B transactions, and settlement alongside other participants in the program's blockchains track.
Derivatives data shows longs absorbed nearly all of the resulting liquidations across every timeframe from one hour to 24 hours after the CLARITY Act's defeat.