Trump Issues Stern Warning to Banking Industry at Mar-a-Lago Event
- Digital Asset Market Act: Trump hosted a meeting at Mar-a-Lago, emphasizing that the Digital Asset Market Clarity Act is a top priority for his administration, aiming to advance cryptocurrency legislation and strengthen the U.S.'s leadership in the global digital asset space.
- Banking Resistance: Trump pushed back against banking groups attempting to stall the bill, which argue that new rules could threaten traditional deposit accounts; however, he assured the audience that the White House would protect the market structure legislation from banking interests.
- Celebrity Attendance: The event attracted various celebrities and financial leaders, including boxer Mike Tyson and Tether CEO Paolo Ardoino, showcasing widespread attention and support for the crypto industry, which could enhance public awareness of the bill.
- Political Challenges: Despite criticism from Democratic leaders, Trump continues to support crypto projects linked to his name, stressing that government officials should avoid profiting from the industry to address potential conflicts of interest and ensure the bill's smooth passage through the Senate.
Get Real-Time Alerts for Any Crypto Movement
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 8 technical signals, shows that 4 indicators are flashing buy, while 4 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 | 1.592 | 1.985 | 2.342 | 2.735 | 3.092 | 3.485 | 3.842 |
| Fibonacci | 1.985 | 2.272 | 2.449 | 2.735 | 3.022 | 3.199 | 3.485 |
About TRUMP
About the author
