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Cardano Tests Key Resistance Amid Rising Inflation Pressures

Guavy AI Editorial Team
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ADA
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Cardano's price plummeted by 6.03% to $0.239 on September 24, 2026, amidst rising inflationary pressures and technical selling pressure.

The decline was driven primarily by the surge in oil prices, which reached $103.08 per barrel for Brent crude futures (BRNX6) and $92.22 per barrel for West Texas Intermediate (WTI) futures (CLX6).

As inflation concerns mounted, data from the CME FedWatch Tool indicated a 72% market-implied probability of an interest rate hike at the October meeting.

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