Federal Reserve Chairman Powell's speech at the Jackson Hole meeting has sparked market discussions. Although he superficially emphasized "caution," Powell's remarks revealed a clear dovish tendency, and the market quickly picked up on the possible signals of interest rate cuts.

This statement has had a significant impact on the global financial markets. CME data shows that the expected probability of a rate cut in September has risen to 84.6%, a substantial increase compared to less than 50% last month. Some investors even began to anticipate a possible rate cut of 50 basis points. This expectation has driven up the bond market, with the yield on ten-year U.S. Treasuries falling accordingly, and the price of gold also showing an upward trend.

The cryptocurrency market has also been positively impacted. Ethereum's price has broken through $4500, reaching an all-time high. From the 4-hour candlestick chart, it can be observed that recent trading volume has surged, with price and volume rising in sync, presenting a typical "price and volume rising together" situation. In terms of technical indicators, the MACD histogram has turned from negative to positive, confirming the arrival of a bullish market. Although the KDJ indicator has not yet formed a golden cross, the oversold value is only 17, indicating that upward momentum remains strong.

It is worth noting that some niche tokens are also beginning to show upward potential. For example, the native token PENGU issued by the well-known NFT project "Fat Penguin" has recently oscillated between $0.0077 and $0.0175. From a technical analysis perspective, if PENGU can break through the resistance level of $0.0175, it may trigger a new round of increases, with a target price potentially reaching $0.0326 or higher.

The PENGU ecosystem is continuously expanding, including projects such as Pudgy World game development, Abstract blockchain integration, and physical toy binding, all of which provide support for its future development.

However, investors still need to be cautious. Although some cryptocurrencies show growth potential, the market remains highly volatile. Especially with emerging tokens like PENGU, while there is significant potential, they may face substantial market volatility risks due to being in the early stages. When making investment decisions, one should fully consider their own risk tolerance and conduct comprehensive market analysis and risk assessment.