Crypto Rebounds After Fed Cut—What the Charts Say About Bitcoin, Cardano and Near

Cryptocurrency Market - The cryptocurrency market is recovering, currently valued at $4.15 trillion after reaching $4.2 trillion, showing resilience despite a neutral Fear & Greed Index at 51 points [1] - Aster (ASTER) has emerged as a notable performer, surging from $0.0089 to nearly $0.50 on launch day, achieving over 40% gain before correcting to $0.6828, with a remarkable 700% weekly increase [4][5] - Bitcoin is trading near the $116K-$117K range, down about 1% in the last 24 hours, with a high of $117,500 and a low of $116,112, indicating upward pressure [6] Macroeconomic Factors - The Federal Reserve has lowered its benchmark rate by 0.25 percentage points to a range of 4.00% to 4.25%, with two additional cuts expected by year-end, potentially bringing the rate to 3.50%-3.75% [2] Gold Market - Gold futures opened at $3,677 per ounce and are currently priced at $3,700, reflecting a nearly 40% increase this year as investors seek safe-haven assets amid geopolitical uncertainties [3] Market Indicators - The Relative Strength Index (RSI) for Bitcoin is at 58, indicating moderate bullish momentum, suggesting healthy buying pressure without being overextended [7] - The Average Directional Index (ADX) for Bitcoin is at 19, indicating accumulation mode and a lack of strong directional bias, which often precedes significant market moves [8]