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If you are gonna short you want to see price keep rejecting from 96K area

After reaching a high of $16.42 in late April, the $TRUMP token entered a consolidation phase, trading around $12.80 on May 3, 2025. The 4-hour chart displays a symmetrical triangle pattern taking shape, with the lower boundary established near $12.10. This $12.10 area has consistently served as a rebound zone, absorbing selling pressure since the peak. On the upside, resistance between $13.30 and $13.40 holds firm. This zone aligns with the triangle’s upper ceiling and a horizontal supply area identified by analysts. Fibonacci retracement levels drawn from the April rally pinpoint $13.38 (0.382), $14.22 (0.5), and $14.74 (0.618) as critical benchmarks. Bulls have failed to reclaim the initial $13.38 level, keeping the price structure sideways. Technical momentum indicators reflect weakening buyer strength. The Relative Strength Index (RSI) remains suppressed below 45, showing buyers have not regained control since the late April high. The Moving Average Convergence Divergence (MACD) indicator flattened, showing minimal histogram expansion and no clear bullish or bearish divergence. Related: Fr8Tech Invests $1M in Trump Tokens to Back Trade and Treasury Also, the Stochastic RSI, after previously reaching overbought territory, now sits in a neutral reading. This reinforces the current lack of directional urgency in $TRUMP’s price action Volatility decreased significantly following the April price surge, confirmed by sharply contracting Bollinger Bands. The price currently drifts between the Bollinger mid-band and the lower band, offering no clear directional bias based on this indicator. Exponential Moving Averages (EMAs) are also tightening. The 20-period and 50-period EMAs converge around $12.91, forming immediate intraday resistance. The 100-EMA ($11.95) and 200-EMA ($11.27) sit below the price, positioned to act as dynamic support levels if the $12.10 horizontal support breaks . Viewing the daily chart, $TRUMP holds above a broader uptrend line originating from its late-March base near $7.80. Bulls continue defending the $12.10 support level despite the selloff from the highs . However, a failure to break decisively above $13.40 with supporting volume increases the risk of a secondary dip. Related: SHIB’s 7% April Gain Minted Millionaires, Breakout Eyed in May For May 2025, forecasts based on this technical setup show $TRUMP remaining range-bound between $12.10 and $14.22 unless a high-volume breakout above $14.22 or a breakdown below $12.10 materializes. A push above $14.22 opens targets at $15.48 and the previous high near $16.42. Conversely, losing the $12.10 support creates downside risk towards the $11.00–$11.20 zone. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The world of cryptocurrency is rapidly intersecting with traditional politics, creating new dynamics and, at times, raising eyebrows. A recent event involving a popular memecoin tied to former President Donald Trump has ignited a conversation among lawmakers, particularly concerning transparency and ethics for elected officials holding digital assets. At the heart of this discussion is Wyoming Senator Cynthia Lummis, a well-known supporter of the crypto space, who voiced significant concerns following news of a private dinner planned for top holders of the TRUMP memecoin. Senator Cynthia Lummis, a Republican representing Wyoming, is one of the most vocal proponents of cryptocurrency on Capitol Hill. Her support stems from a belief in the innovation and potential of digital assets and blockchain technology. She even publicly disclosed her own Bitcoin holdings, setting an example for transparency in a nascent asset class. However, her support for the technology doesn’t blind her to potential ethical pitfalls. According to a report by CNBC, Senator Lummis specifically highlighted the need for standardized rules governing how elected U.S. officials hold and disclose digital assets. Her comments were a direct reaction to the news surrounding President Donald Trump’s upcoming gala dinner. The dinner, scheduled for May 22nd in Washington, D.C., is reportedly a private event for the top 220 holders of the TRUMP memecoin (ticker: TRUMP). The event’s website, GetTrumpMemes, promotes this exclusive gathering. While former presidents are not subject to the same disclosure rules as sitting officials, the nature of the event—a private dinner for holders of a specific, volatile digital asset tied to a political figure—raises questions about influence, access, and the potential for conflicts of interest, particularly if current officials were to attend or if the precedent impacts future interactions. Senator Lummis’s concern centers on the lack of clear, mandated rules for current elected officials regarding their digital asset holdings. Unlike stocks, bonds, or real estate, the regulatory framework for digital assets is still evolving, and disclosure requirements for politicians are not as standardized or comprehensive. The current situation highlights a gap in existing ethics and transparency regulations. While officials are required to disclose holdings of traditional assets, the rules for cryptocurrencies and other digital assets are less defined. This ambiguity creates several challenges: Senator Lummis’s call for legislation aims to address these issues by creating a level playing field and ensuring that digital asset holdings are subject to the same level of scrutiny and disclosure as traditional assets. This would involve defining what constitutes a reportable digital asset, setting clear thresholds for disclosure, and establishing penalties for non-compliance. Senator Lummis is not alone in expressing unease about the situation. Alaska Senator Lisa Murkowski, also a Republican, reportedly echoed similar concerns about the TRUMP memecoin dinner event. This suggests that the issue is not confined to one political viewpoint but touches upon broader ethical considerations that resonate across the aisle. The fact that senators from different states and potentially different political leanings on other issues are highlighting this concern underscores its importance. It signals a growing awareness within the U.S. Senate about the potential implications of the increasing overlap between political figures and the often-unregulated world of memecoins and other digital assets. Memecoins are a unique and often volatile segment of the cryptocurrency market. Unlike Bitcoin or Ethereum, which were designed with specific technological goals, memecoins are often created as social experiments, jokes, or, in this case, tied to cultural or political figures. Their value is often driven by social media trends, community hype, and speculation rather than underlying technology or utility. The existence of a memecoin specifically tied to a prominent political figure like Donald Trump is a relatively new phenomenon. While it can be seen by supporters as a way to engage a community or even as a form of political fundraising (though the dinner is for holders, not necessarily a direct fundraiser), it inherently links a political brand to a speculative, unregulated financial instrument. This linkage is precisely what raises red flags for lawmakers concerned about ethics and influence. The volatility and speculative nature of memecoins make the need for clear disclosure rules even more pressing for public officials. A sudden surge or drop in value could create significant financial incentives or pressures that could potentially sway an official’s stance on relevant legislation. To better understand the gap Senator Lummis is highlighting, it’s useful to compare the existing rules for traditional assets with the current state for digital assets: This table illustrates the regulatory lag when it comes to digital assets. The existing framework, designed for traditional finance, doesn’t easily accommodate the unique characteristics of cryptocurrencies and memecoins. The concerns raised by Senator Lummis and others underscore the increasing urgency for comprehensive crypto regulation in the United States. While significant debate exists on *how* to regulate the space, there is growing consensus on the need for clarity, particularly concerning consumer protection, market integrity, and, as highlighted here, the ethical considerations for public officials. Legislation addressing digital asset holdings by officials could be part of broader regulatory efforts. Such legislation might include: The involvement of a prominent political figure and a memecoin in this specific instance brings the issue into sharp focus. It moves the conversation from abstract regulatory principles to concrete examples that the public can more easily understand. For individuals involved in the cryptocurrency space or simply concerned about government ethics, this development offers several key takeaways: This event serves as a powerful reminder that as digital assets become more integrated into the economy and society, the regulatory and ethical frameworks governing them must evolve as well. The concerns raised by Senator Lummis are a critical step in prompting that necessary evolution. The news surrounding the Trump memecoin dinner and the subsequent concerns voiced by Senator Cynthia Lummis and Senator Lisa Murkowski underscore a critical juncture at the intersection of cryptocurrency and U.S. politics. While digital assets offer exciting potential, their increasing presence in the financial lives of elected officials highlights an urgent need for clear, standardized rules regarding disclosure and potential conflicts of interest. Senator Lummis, a staunch crypto advocate, is paradoxically leading the charge for greater regulation in this specific area, recognizing that transparency is vital for maintaining public trust and ensuring ethical governance. As memecoins and other digital assets become intertwined with political figures and events, the call for comprehensive legislation to govern officials’ holdings grows louder, signaling a necessary evolution in how the U.S. navigates the complex and rapidly changing landscape of digital finance within the political sphere. To learn more about the latest explore our article on key developments shaping crypto regulation in the US. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Higher time frame view of $BTC: Higher low formed in that chop period, it was similar to that May 2021 area where price formed a low. I think it's a great low given the amount of time (2 months) and volatility that we saw. While there are going to be some small pullbacks, I think we strongly break 100k in the next several weeks as long as equities dont completely shit the bed (sadly I see a lot of lower high / its over type of posts).

Bitcoin Price Analysis Summary — BTC Targets $97K and Beyond! 🚀 Bitcoin $BTC has regained strong momentum, bouncing from recent volatility to break above $96,000, currently sitting around $96,452 up over 2% in the last 24 hours. After consolidating between $90K–$96K, BTC finally broke out, fueled by bullish sentiment and increasing institutional interest. 🔹 30% Rally Since April Lows: BTC has surged nearly 30% from its April bottom of $74,393, with support now firm around the $90K level. 🔹 Spot ETFs & Institutions: Major inflows of $2.9B into spot Bitcoin ETFs, alongside treasury additions from Tether, SoftBank, and Trump Media Group, have supported the climb. 🔹 Macro Tailwinds: Weak economic indicators and rising rate cut expectations have driven renewed investor appetite for risk assets like BTC. 📉 Despite momentum, BTC is now in a key technical zone — a make-or-break area that could trigger either a push to $100K–$107K or a potential reversal. Trading volumes remain low, signaling that large players are still cautious. 🔍 Traders to Watch: Key resistance: $97K, psychological level: $100K Support zone: $90K If BTC clears $100K convincingly, a run to $107K could follow quickly. 🧠 Short-term caution meets long-term optimism — Bitcoin’s next move could set the tone for the rest of 2025. #Bitcoin #BTC #CryptoMarket #TechnicalAnalysis #BullishMomentum #BitcoinPrice