**đ The Market Scenario and Hope for a Rebound**
The crypto market had a significant Wednesday rebound, which has left traders with a burning question: could Cardano be at the bottom and on its way back to the late - 2024 highs? đ¤ There are reasons to think a local bottom might be in the cards. The worries related to the trade war seem to be lessening, and earlier this week, the market was in a negative and oversold state. If there's no major news of trade war escalation in the coming days, a bumpy but continuous rebound could be on the horizon. However, despite some softening of relations with other countries, the US - China trade battle is still simmering. đĽ
**đ Macro - Economic Hurdles**
The macro - economic situation presents potential roadblocks. Inflation is still high, and it could spike even more as tariffs start to take full effect. On top of that, the strong labor market is preventing the Fed from easing its policies to support the falling markets and a slowing economy. Later this week, the CPI (Consumer Price Index) statistics might either justify the Fed's wait - and - see approach or throw a curveball. The CME's Fed Watch Tool indicates that money markets are pricing in 100 basis points of easing by the end of the year. But if the inflation data comes in hot, it could shock the market and severely undermine risk appetite. Also, the US 10 - year yield has seen a significant jump of 45 basis points from its weekly lows to 4.30% as of early Thursday nighttime activity. This reflects some worrying signals in the US treasury market. Even though the stock market has taken a big hit in recent weeks, US long - term rates are still hovering around 4.0%, which is disappointing for investors. All these factors create a complex backdrop for risk assets like Cardano, making it less likely for retail and institutional investors to jump back in. đ°
**đ Cardano's Technicals and Future Prospects**
**Back to $0.30 Cardano?**
Looking at Cardano specifically, bearish technicals and a lack of unique, positive storylines for the cryptocurrency increase the risk of further price decline. Cardano has managed to rebound from its recent weekly lows, but it's still stuck in a downtrend and is trading below all key moving averages. There was an anticipation that a pro - crypto Trump administration would be beneficial for Cardano, but so far, that hasn't materialized. Cardano isn't being used as the Treasury payment blockchain, and Trump didn't include Cardano co - founder Charles Hoskinson in his crypto advisory board. Also, at twice its pre - Trump election prices, Cardano can still be considered expensive. Given the gloomy overall outlook and the continuous deflation of retail hype, it's possible that the Cardano price could drop back to its mid - 2024 range of the $0.20s - $0.40s. However, there's an interesting topic to keep an eye on: the potential collaboration between Ripple and Cardano. Whether this collaboration, if it happens, will give a boost to either cryptocurrency remains to be seen. đ¤
#Cardano #CryptoMarket #tradewarlooming #Inflation #FedPolicy **đ¨ Disclaimer đ¨**
The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies, such as Cardano, can be extremely risky and may lead to substantial financial losses. The cryptocurrency market is highly volatile and subject to various factors including market sentiment, regulatory changes, and global economic conditions. Always conduct thorough research and consult a qualified financial advisor before making any investment decisions.