#ADA what a good breakout, solid buying is seeing in Cardano | Tariq_54 on Binance Square

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#ADA what a good breakout, solid buying is seeing in Cardano, hope it will break $1.00 resistance this time soon.

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Fed Chair Powell Signals September Rate Cut at Jackson Hole, Warns on Inflation Risks gave traders clarity on what’s next for U.S. rates and a reason for crypto markets to cheer. Speaking at the Fed’s annual Jackson Hole symposium, Powell said a 25bps rate cut in September is highly likely. But he also made it clear this isn’t the start of a long series of cuts. A Likely Cut, But With Caution Powell told the audience that the Fed’s policy is already “in restrictive territory” and the risks around jobs and inflation are shifting. “Downside risks to employment are increasing,” he said, but stressed that the labor market is still strong and the economy has shown “resilience.” That’s why the Fed isn’t ready to promise multiple cuts after September. Tariffs Put Pressure on Prices One of Powell’s biggest concerns is inflation linked to Trump’s tariffs. “The effects of tariffs on consumer prices are now clearly visible,” he said, adding that the Fed expects those effects “to accumulate over the coming months with high uncertainty.” Powell noted that the impact might be temporary, but he also flagged the danger of stagflation – the mix of high inflation and weaker growth that the Fed is determined to avoid. Fed Updates Its Playbook Alongside his outlook, Powell announced changes to the Fed’s operating framework. The central bank has dropped the 2020 makeup strategy” that allowed inflation to overshoot the 2% target. Instead, it has returned to a flexible inflation-targeting approach. “Our revised statement emphasizes our commitment to act forcefully to ensure that longer-term inflation expectations remain well-anchored,” Powell said. The shift reflects how the U.S. economy has changed over the past five years, with higher inflation pressures and major shifts in trade, tax, and immigration policy. Stocks and Crypto React Markets rallied after Powell’s speech. The Dow surged more than 600 points, reaching a record high while US-listed crypto stocks climbed as investors welcomed the prospect of lower rates.

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#PowellWatch Jerome Powell Speech Today Could Decide Bitcoin Price Path to $150K or Crash to $110K All eyes in the crypto market are locked on the Jackson Hole Summit today, where U.S. Federal Reserve Chair Jerome Powell is set to speak at 10 AM ET. His remarks could decide the next big move for Bitcoin and altcoins, as traders weigh fears of hawkish policy against signs of a weakening economy. Could this be the trigger for Bitcoin and altcoins to rally? Market Fear Ahead of Powell’s Speech Over the past week, the crypto market has experienced heavy selling. Bitcoin slipped from its highs and altcoins followed, largely because traders expect Powell to stick with a tough stance on interest rates. That belief has pushed the probability of a September rate cut down to around 69.5%, according to CME Fed watch tool. But under the surface, a different picture is forming. Since the Fed’s last meeting, U.S. jobs data has taken a turn for the worse. The unemployment rate has risen to 4.2%, jobless claims are climbing, and even previous employment figures are being revised lower. Inflation Leaves Room for Policy Shift Despite all these challenges, inflation is still above the FED’s 2% target. This gives the Fed more room to consider easing policy if economic conditions continue to worsen. At the same time, corporate bankruptcies have hit their highest level since 2020, showing that businesses are struggling under tight monetary conditions. What This Means for Bitcoin and Altcoins If Powell hints at a possible rate cut in September, analysts say it could spark a significant short squeeze, forcing bearish traders to cover their positions and fuel a sharp rally in Bitcoin towards $150k. On the other hand, even if Powell keeps a hawkish tone, much of that is already priced into the market, meaning the downside could be limited. Experts believe Powell’s hawkish tone could drag Bitcoin down toward the $110,000 mark.

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#ADA Possible Scenarios: Bullish Case: If ADA holds above $0.88 and breaks $0.90 with increased volume, it could rally 14% to $0.97–$1.00, supported by the golden cross and whale buying. This scenario aligns with rebounding from key support and positive on-chain metrics. Bearish Case: A failure to maintain $0.84 could lead to a 9–17% drop toward $0.80 or lower, exacerbated by bearish MACD and resistance at shorter MAs. This might intensify if broader market weakness persists. Traders should monitor volume and BTC correlation closely, as ADA remains in a consolidation phase within an uptrend channel.

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#ADA technical analysis for today Cardano was trading down 2.65% in the last 24 hours to $0.874. Cardano saw a sharp sell-off at the start of the week, extending a drop from a high of $0.987 on Aug. 17. An hourly death cross has formed amid the sell-off, indicating short-term bearish pressure. However, the price swiftly made a rebound from a low of $0.837, denying the bearish crossover. A rebound off this key level signals buying at lower levels. The bulls will then try to resume the up move by pushing the price above $1.02. If they do that, ADA could skyrocket to $1.17. If bearish pressure returns, a drop below $0.837 might sink ADA price to the 50-day SMA at $0.75.

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