Trump Accuses Banks of Blocking Crypto Legislation at TRUMP Token Dinner

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 hours ago

Should l Buy TRUMP?

Event Context: Trump hosted a dinner at Mar-a-Lago for TRUMP token holders, using the occasion to accuse traditional banks of actively lobbying against crypto-friendly legislation, highlighting his concern and support for the crypto industry.
Legislative Dynamics: The H.R. 3633 bill currently under consideration in Congress aims to regulate digital assets, and Trump's allegations could impact its progress, although there is no concrete evidence that banks have blocked any specific crypto legislation.
Political and Market Interplay: The dinner served not only as a reward for loyal token holders but also as a platform for Trump to convey political messages, despite the TRUMP token's ongoing price struggles, reflecting skepticism about its influence.
Future Watch: The trajectory of H.R. 3633 and related bills will determine whether Trump's accusations gain traction, particularly as responses from the banking industry could further shape public opinion and legislative outcomes.

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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 crypto.

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	1.262	1.753	2.147	2.638	3.032	3.523	3.917
Fibonacci	1.753	2.091	2.3	2.638	2.976	3.185	3.523

About TRUMP

$TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community - we’re all about fighting for what matters.

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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