Federal Reserve Chairperson Jerome Powell took the stage At Jackson Hole on August 22, the markets were clear about where monetary policy was heading. What they got was a clear leaning of Devish. Powell showed that rate cuts were on the table as early as September, citing soft labor markets and declining inflationary pressures. That single-shift tone sent stocks higher, weakened the US dollar and rekindled momentum across the crypto. for Cardano (ADA)Powell’s remarks, which were integrated after a powerful July rally, may have just provided sparks for the next move.
Cardano Price Prediction: Why is Powell’s speech important for cryptography and ADA?
Powell’s speech wasn’t just about interest rates. It showed a change in the Fed’s attitude after years of fighting post-pandemic inflation. Powell eased his financial position in advance by allowing for negative side risk to work and reduced signaling rates. For ciphers, this is:
- The weaker dollars often boost digital assets at the price of US dollars.
- Lower fees make risky assets more attractive than bonds.
- Market psychology shifts to a play of growth and liquidity like ADA.
The context was also political. Trump’s tariffs and immigration policies give economic uncertainty, but Powell stuck to data rather than politics. This gave investors the confidence that the Fed was still under control. Ada Price, like other Altcoins, flourished when investors were taking risks, and Powell’s speeches strengthened that environment.
Market response to speech
The market moved quickly. The dollar fell, US stocks rose, and the code continued. The odds of interest rate cuts in September increased from 75% before Powell spoke to 89%. In particular, with the ADA, the timing coincided with a gain of 3.5% every day, lifting it to 0.92. This indicates that the ADA is directly linked to the macro queue and is not moving on its own. Powell’s dovish attitude has changed to immediate support from Ada Bulls.
Cardano Price Prediction: ADA Daily Chart Signal
Daily ADA price charts show tests of 1.00 resistance zones, retaining support above 0.85. The hikin reed candle turns green, indicating a change in momentum.
- Main support: 0.85, Bollinger band Midpoint aligned.
- Immediate resistance: 1.00, both psychological and Fibonacci-based.
- Next upward target: 1.12–1.15 If the Bulls break through.
- Disadvantage risk: Losing 0.85 allows you to resume 0.70 as a target.
Bollinger bands are tight and often portend strong directional movements. Powell’s speech could have been a catalyst for setting moving movements.
What does Powell’s message for Cardano Prices for the next 30 days mean?
- A strong case: If Powell’s words were translated into September’s rate reduction, the ADA could press 1.00 and run towards 1.12.
Neutral case: If the market stepped into the water until the actual Fed decision, the ADA is waiting for confirmation, allowing it to maintain a range between 0.85 and 1.00.
A bearish case: If the Fed hits its incredible tone or economic shock on risky assets, the ADA will drop below 0.85 and can test 0.70 again.
A catalyst that surpasses Powell
- September FOMC meeting: Confirming rate reduction will be the biggest trigger.
- Trends in the US Dollar Index: Continuous weaknesses strengthen the $cardano case.
- Cardano Network Update: Macros dominate the nearest conditions, but positive recruitment news can amplify upward movements.
Powell’s Jackson Hole speech may prove to be a turning point for the ADA in August. By signaling that he was ready to cut rates, Powell opened the door to a renewed liquidity flow to risky assets. $ ada is located below 1.00 and is a level that allows you to unlock fresh rally if it breaks. Until the Fed meeting in September, ADA traders were hanging over every macro headline, but the bias clearly turned into ADA favors.
