Pro-Trump Billionaire Criticizes Binance Founder 'CZ' Zhao's Pardon: 'Enormous Fraud Is Occurring...'
Lonsdale's Criticism: Joe Lonsdale, a prominent Trump supporter, criticized President Trump's decision to pardon Binance co-founder Changpeng Zhao, claiming it reflects poorly on the administration and suggests massive fraud in the crypto space.
Concerns Over Corruption: Senator Elizabeth Warren condemned the pardon, highlighting the Trump family's ties to Binance and warning that such actions contribute to corruption in the cryptocurrency market.
Trump's Defense: In response to questions about the pardon, Trump stated he did not know Zhao personally and claimed that many people believed Zhao was innocent, framing the prosecution as part of a broader "war on cryptocurrency" by the Biden administration.
Zhao's Reaction: Following the pardon, Zhao expressed gratitude and committed to advancing the U.S. cryptocurrency industry, despite his previous legal troubles, including a guilty plea related to anti-money laundering violations.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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