Trump Speaks Out For Bitcoin Miners in Latest Move to Support Cryptocurrency Industry

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 21 2024

SAFE-6.64%

BTC-2.228%

Should l Buy SAFE?

Trump Supports Bitcoin Miners: Trump met with prominent Bitcoin miners at Mar-a-Lago, expressing admiration for cryptocurrencies and promising to be their voice if elected.
Importance of Bitcoin Mining: Trump believes supporting Bitcoin miners is crucial for the U.S. to maintain global leadership in the crypto industry and achieve energy dominance.
KK Miner Overview: KK Miner is a cloud mining company based in the UK with over 5.7 million users worldwide, offering secure cryptocurrency mining services.
Advantages of KK Miner: The platform provides a welcome bonus, high profit levels, multiple cryptocurrency options, safe transactions, flexibility, environmental friendliness, and professional support.
Regulatory Compliance: KK Miner is legal and regulated by the UK Financial Services Authority, ensuring safe and risk-free investment opportunities for users.

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Technical Analysis for SAFE

Technical Sentiment Analysis for Safe (SAFE) As of , Safe (SAFE) 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 SAFE 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, SAFE 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 $-.

Safe (SAFE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0451	0.0672	0.0888	0.111	0.132	0.155	0.176
Fibonacci	0.0672	0.0839	0.0942	0.111	0.128	0.138	0.155

About SAFE

Safe is the ownership layer of web3 securing >$100B+. It includes Safe{Core} a full stack of account abstraction infrastructure and the industry-standard multi-sig, Safe{Wallet}. The project is focused on making every Ethereum account, a smart account and enabling new use cases like AI, Staking, Gaming, SocialFi, DeFi, and Payments to flourish with gasless transaction, easy face-ID like logins, onramps, recovery and more. Safe currently has a large ecosystem of 200+ projects including Gnosis Pay and Worldcoin, deployed in over 15 networks, building on the Safe smart account standard. Safe{Wallet} is also used widely by individuals like Vitalik Buterin, Punk6529 as well as web2 giants like Shopify and Reddit for self-custody of assets and high value NFTs.As of April 2023, over 8M Safe accounts have been created, making >40 million transactions. The open-source contracts are battle-tested and have been formally verified and audited multiple times. There have been no critical security incidents since Safe was deployed in 2018 and Safe remains the benchmark of security in the industry.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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