Cardano ($ADA) is pressing against the crucial $1 mark just as U.S. recession fears return to the spotlight. Fresh data shows youth underemployment in America has spiked to 17%, its highest level since the pandemic, sparking concerns of a broader labor market downturn. For investors, the link is clear: economic weakness often drives capital into alternative assets like crypto. The question now is whether ADA price can turn this fragile backdrop into a breakout opportunity. Why US Job Market Weakness Matters for Crypto? The latest U.S. labor data is flashing red. Youth underemployment has surged to 17% in July, the steepest rise since the 2020 pandemic. Payroll revisions for May and June were sharply cut, and unemployment ticked up to 4.2%. U.S. employment. Source: Bloomberg Historically, when early cracks appear in the job market, capital starts flowing into alternative assets as investors hedge against economic uncertainty. Bitcoin often benefits first, but altcoins like Cardano (ADA) follow as liquidity spreads across the crypto market. This creates a paradox: a weakening U.S. economy could initially weigh on risk assets, but if the downturn triggers aggressive Fed easing, liquidity may support ADA’s upside momentum. Cardano Price Prediction: ADA’s Daily Chart Signals ADA/USD Daily Chart: TradingView Looking at ADA’s daily chart, the coin has been in a strong recovery phase since mid-July. Price has pushed above the mid-Bollinger Band (20-day SMA), confirming bullish strength. The latest close near $0.94 shows ADA consolidating just under the psychological $1 level. Support: Immediate support sits near $0.92, where the mid-Bollinger band and recent breakout zone converge. A deeper cushion lies at $0.81, the lower band. Resistance: The key resistance is $1.00. Beyond that, Fibonacci projections place the next zones at $1.10 and $1.25. The series of higher lows and expanding green candles signal strong momentum. The fact that ADA held gains despite broader market caution around U.S. economic data suggests buyers are confident. Will ADA Price Break $1 in the Short Term? With the U.S. labor market showing cracks, speculative capital could rotate into crypto, driving ADA higher. A decisive daily close above $0.98–$1.00 would likely trigger a wave of FOMO buying, opening the path to $1.10–$1.15. However, if macro fears turn into full-blown recession panic, risk-off sentiment could see ADA price retesting the $0.85–$0.90 region before resuming its climb. Cardano Price Prediction: Accumulation or Breakout? The setup looks constructive. ADA has built a strong base after months of sideways action, and the recent breakout aligns with increasing institutional chatter around altcoins. If the Fed shifts toward rate cuts in response to rising unemployment, liquidity inflows could accelerate ADA’s push toward $1.25–$1.30 in Q4 2025. But if the recession narrative intensifies and markets move sharply lower, ADA’s bullish structure could face temporary stress. As long as ADA holds above $0.92, the bias remains bullish. The probability of a breakout above $1.00 in the coming days is strong, with targets set at $1.10–$1.25. A breakdown below $0.90 would weaken momentum and delay the rally.