California Governor Slams Trump's Pardons for Cryptocurrency Offenses
Governor Newsom's Criticism: California Governor Gavin Newsom condemned former President Trump's potential pardons for crypto figures Changpeng Zhao and Ross Ulbricht, arguing they undermine state consumer protections against crypto scams.
Market Reactions: Newsom's statements have caused minor fluctuations in Bitcoin and Binance Coin markets, reflecting investor uncertainty and highlighting the political and regulatory implications of federal decisions on the crypto industry.
Comparisons to Past Events: The pardons have drawn parallels to previous crypto scandals like the Bitfinex hack and FTX collapse, suggesting that such federal actions could lead to increased regulatory scrutiny in the future.
Tensions Between Federal and State Regulations: Experts believe that the ongoing tensions between federal policies and state regulations may significantly influence the dynamics of the crypto market moving forward.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP 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, TRUMP 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 $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.553 | 2.287 | 3.053 | 3.787 | 4.553 | 5.287 | 6.053 |
| Fibonacci | 2.287 | 2.86 | 3.214 | 3.787 | 4.36 | 4.714 | 5.287 |
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