Jerome Powell's May 7 Statement ā Market Impact & Trading Moves šļøšš
Federal Reserve Chair Jerome Powell delivered his latest statement today, and itās already shaking market sentiment. While acknowledging a stable U.S. economy, Powell warned of growing uncertainty ahead. His words:
āIt may well [get worse]. It just hasnāt shown up yet.ā
This signals a cautious outlook, with early signs of households and businesses postponing spending and investment.
š Federal Funds Rate: Held Steady
The Fed decided to maintain the federal funds rate at 4.25% to 4.5%. This pause reflects the Fedās attempt to balance two critical goals:
ā Keeping unemployment low
ā Containing inflation, which remains slightly above target
Powell emphasized that the Fed remains alert to risks from both inflation and economic slowdown, adopting a "wait and watch" stance rather than making any major policy shifts.
š Coins to BUY Now (24ā48 Hour Window)
šŖ Cardano (ADA)
Bullish indicators across RSI, MACD, and Ichimoku Cloud with growing whale accumulation suggest a rally toward $0.7250. Volume trends support further upside.
šŖ Avalanche (AVAX)
Currently trading under $40 with strong support from rising volume, positive funding rates, and bullish divergence. Short-term projection targets $43ā$45.
š Coins to SELL or AVOID Now
šŖ Dogecoin (DOGE)
Despite social media hype, technicals are weakening. RSI and MACD show bearish divergence and resistance at $0.17 is proving strong. Pullback expected.
šŖ Aptos (APT)
Lack of bullish volume, weak breakout attempts, and fading development activity. Price rejection around $9.20 points to likely downside ahead.
With macro uncertainty and Powellās cautious tone, traders should stay sharp and act on real-time indicators.
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