What is at risk for Sam Bankman-Fried in his anticipated appeal?
SBF's Appeal Process: Sam Bankman-Fried's legal team is set to argue in the US Court of Appeals for the Second Circuit, seeking to overturn his conviction or sentence, claiming he was not presumed innocent and that evidence regarding FTX's solvency was not presented during his trial.
Conviction and Sentencing: Bankman-Fried was convicted on seven felony counts in November 2023 and sentenced to 25 years in prison in March 2024, following the collapse of FTX and subsequent charges of money laundering and fraud.
Political Maneuvering for Pardon: After his sentencing, Bankman-Fried has been aligning himself with Republican figures, possibly in hopes of receiving a presidential pardon from Donald Trump, who has shown willingness to pardon cryptocurrency figures.
Speculation on Future Pardons: The recent pardons of other cryptocurrency executives by Trump have led to speculation about whether Bankman-Fried could be next, although no official pardon has been announced as of now.
Get Real-Time Alerts for Any Crypto Movement
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 | - | - | - | - | - | - | - |
About the author
