Trump Denies Pardon for SBF, Impacting Crypto Markets
- Trump's Clear Stance: In an interview with The New York Times, Trump stated he would not grant a pardon to SBF, the founder of FTX, despite his past ties to the crypto industry, placing legal outcomes above political considerations and further clarifying accountability in the crypto market.
- Significant Legal Consequences: SBF was sentenced to 25 years in prison for misusing customer funds, and Trump's denial of a pardon eliminates speculation about clemency, reinforcing legal scrutiny over the crypto sector, which may impact investor confidence.
- Market Sensitivity: Trump's comments remove a key political risk surrounding the FTX case, ensuring it remains within the judicial system, a decision that could influence institutional investors' attitudes towards digital assets amid increasing regulatory pressures.
- Appeal Options Remain: Despite Trump's refusal to pardon, SBF retains the option to appeal his conviction and sentence through the courts, and if unsuccessful, he may seek Supreme Court review, highlighting the complexity and uncertainty of legal proceedings.
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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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