FTX Founder SBF Challenges Conviction Amid Ongoing Legal Examination

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 02 2025

TOKEN-3.8%

FTT-10.304%

Should l Buy TOKEN?

SBF's Appeal Hearing: The U.S. Court of Appeals will review Sam Bankman-Fried's motion for a rehearing on November 4, focusing on the fairness of his trial without re-examining the charges against him.
Market Impact: The outcome of SBF's appeal could significantly influence market perceptions and asset values in the cryptocurrency sector, particularly affecting investor confidence amid ongoing market volatility.
Legal Representation: Alexandra Shapiro, a seasoned appellate attorney, is leading SBF's defense, while former SEC Chairman Jay Clayton is reportedly involved in the prosecution, although this remains unconfirmed.
FTX Token Volatility: FTX Token (FTT) has experienced notable trading fluctuations, with its value currently at $0.91, reflecting the broader impact of SBF's legal issues on the cryptocurrency market and potential future regulatory precedents.

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Technical Analysis for TOKEN

Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN 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 crypto.

Support, Resistance & Moving Averages. From a structural perspective, TOKEN 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 $-.

TokenFi (TOKEN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00227	0.00266	0.00297	0.00337	0.00368	0.00408	0.00439
Fibonacci	0.00266	0.00293	0.0031	0.00337	0.00364	0.00381	0.00408

About TOKEN

TokenFi aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world.The tokenization industry is projected to be a $16 trillion industry by the year 2030. BlackRock, the world’s biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry’s potential, which they call 'the next evolution in markets”.TokenFi is launched by the highly experienced and connected Floki team that launched the popular Floki token that went to an ATH valuation of $3.5 billion. They will be leveraging this same experience to make TokenFi the number one tokenization platform 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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