Bankman-Fried praises Trump for pardoning former Honduran leader as he seeks his own pardon
Bankman-Fried's Response to Pardon: Sam Bankman-Fried expressed support for the pardon of former Honduran President Juan Orlando Hernández, stating that few are more deserving, while he himself is seeking clemency from President Trump amid his 25-year prison sentence for fraud and conspiracy.
Legal Proceedings and Appeals: Bankman-Fried's case is currently under review by the U.S. Court of Appeals for the Second Circuit as he seeks a new trial, but a decision is not expected until next year, limiting his immediate legal options.
Parents' Advocacy for Pardon: His parents, both Stanford Law professors, are reportedly lobbying for a presidential pardon for their son, despite his previous significant donations to the Biden campaign, which may hinder his chances of receiving clemency from Trump.
Social Media Activity and Narrative Defense: Bankman-Fried has been increasingly active on social media, using intermediaries to challenge the narrative surrounding FTX's collapse, claiming the exchange was solvent at the time of bankruptcy and that customer losses were avoidable.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000591 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
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