Former FTX Co-CEO Accuses Biden DOJ of Unfair Prosecution
- Allegations of Bias: Former FTX co-CEO Ryan Salame has accused the Biden administration's DOJ of political bias in the FTX case, claiming prosecutors ignored exculpatory evidence, which could undermine public trust in the justice system.
- Increased Case Scrutiny: Salame's remarks have reignited discussions about the DOJ's role in crypto enforcement, especially as former FTX CEO Sam Bankman-Fried echoed similar concerns, potentially influencing future regulatory policies.
- Clemency Request: Salame has sought clemency from President Trump, aiming for reforms and a pardon akin to those granted to other crypto executives, which may prompt further scrutiny of the judicial system.
- SEC Policy Shift: Concurrently, the SEC may withdraw or revise a controversial crypto custody rule proposed under the Biden administration, reflecting strong industry opposition and concerns about the investment climate.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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 | 0.00000598 | 0.00000893 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000893 | 0.000011 | 0.0000124 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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