Trump Declares Himself 'Pro-Crypto' Amidst Token Losses
- Crypto Leadership Argument: Trump emphasized the necessity for the U.S. to lead in the cryptocurrency sector during the NYSE opening, labeling it a 'massive industry' and asserting that American leadership is crucial to avoid falling behind geopolitical rivals like China.
- Weaponization of Government Claims: He accused the Biden administration of attempting to dismantle the crypto industry through aggressive enforcement, describing it as a 'weaponization of government,' indicating his discontent with the previous administration's regulatory approach towards crypto entrepreneurs.
- Praise for SEC Chairman: Trump lauded current SEC Chairman Paul Atkins as 'the best man for the job,' while criticizing the previous SEC leadership's stringent stance on the industry, reflecting his support for a more favorable regulatory environment.
- TRUMP Token Losses: Nansen data reveals that TRUMP token holders have collectively lost $3.81 billion, with approximately 66% of buyers in the red, highlighting the significant investment risks associated with Trump's branded tokens despite some early investors profiting.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 | 0.00187 | 0.00205 | 0.00222 | 0.0024 | 0.00257 | 0.00275 | 0.00292 |
| Fibonacci | 0.00205 | 0.00218 | 0.00226 | 0.0024 | 0.00253 | 0.00261 | 0.00275 |
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