Sam Bankman-Fried’s parents are petitioning President Trump for a pardon. Trump recently pardoned Silk Road founder Ross Ulbricht, but Bankman-Fried may be a more difficult case.

SBF contributed millions to defeat Trump’s Presidential campaign in 2020 and was sentenced to prison less than a year ago. For these and other reasons, a pardon seems much less likely.

Could SBF Get a Pardon?

Sam Bankman-Fried (SBF), one of the most infamous criminals in crypto history, may receive a pardon from President Trump. According to a Bloomberg report, his parents, Joseph Bankman and Barbara Fried, are spearheading the effort.

Both parents are law professors, and they’ve been consulting with figures in Trump’s orbit.

Since Donald Trump re-took office, he’s been fulfilling obligations to the crypto community. He pardoned Ross Ulbricht on his second day in office, making good on a campaign promise.

Ulbricht’s mother was a key figure in petitioning for this pardon, and SBF’s parents want to use the same strategy. Indeed, due to Trump’s early string of pardons, he’s facing many requests.

“I have been hearing from people in prison, from people recently sentenced who haven’t reported to the Bureau of Prisons yet, from people who have been indicted. They are looking for somebody who knows somebody,” claimed Jeffrey Grant, who runs a legal and advisory firm in New York for white-collar defendants. He has received around 100 pardon requests.

Rumors about an SBF pardon have circulated a few times since Trump won the Presidential election, but nothing has materialized yet. Indeed, it might be much more difficult than Ulbricht’s pardon.

For example, the new US Attorney in the SDNY pledged that his office would stop a crypto crackdown, but only after defeating Bankman-Fried’s appeal.

In other words, even when the legal system wants to ease up on crypto criminals, the Bankman-Fried case is still very recent. He was sentenced less than a year ago, whereas Ulbricht spent more than a decade behind bars.

If Trump gives SBF a pardon this soon, it might directly encourage these large-scale financial crimes.

“In my opinion, SBF will be pardoned and released. There are more truths to be revealed. Nothing is what it seems and definitely not what you were told. Watch this space. The real criminals will be exposed,” wrote Martin Folb.

Additionally, before his arrest, Ulbricht was a libertarian with no strong affiliation to either political party. Bankman-Fried, on the other hand, was a major Democratic donor who directly contributed millions to defeat Donald Trump in 2020.

If SBF wishes for Trump to pardon him now, his contributions to the Republicans might not be enough to clear the bad blood. In other words, it doesn’t seem particularly likely that SBF will receive a pardon anytime soon. 

Reports suggest that his parents consulted a lawyer who helped several clients receive clemency in Trump’s first term. They were told that “Trump is busy doing other things” and should contact him again in a month.

Bitcoin price started a fresh upward move above $103,200. BTC is now correcting gains and might revisit the $102,000 support zone.

• Bitcoin started a decent upward move above the $103,200 zone.
• The price is trading above $103,000 and the 100 hourly Simple moving average.
• There is a key bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it stays above the $102,000 zone.

Bitcoin Price Recovers Above $102,000

Bitcoin price started a decent increase above the $101,500 resistance zone. BTC was able to surpass the $102,200 and $103,200 resistance levels to move into a positive zone.

It even cleared the $104,500 resistance zone. The pair settled in a positive zone and now faces hurdles near the $106,500 zone. A high was formed at $106,414 and the price is now correcting gains. There was a move below the $105,000 level.

It is now testing the 23.6% Fib retracement level of the upward move from the $97,688 swing low to the $106,414 high. Bitcoin price is now trading above $103,000 and the 100 hourly Simple moving average.

There is also a key bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,500 level. The first key resistance is near the $106,500 level. The next key resistance could be $107,000.

A close above the $107,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level.

Another Decline In BTC?

If Bitcoin fails to rise above the $105,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $103,500 level. The first major support is near the $102,500 level and the 50% Fib retracement level of the upward move from the $97,688 swing low to the $106,414 high.

The next support is now near the $102,000 zone. Any more losses might send the price toward the $100,500 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $103,500, followed by $102,500.

Major Resistance Levels – $105,500 and $106,500.

FARTCOIN’s price has risen more than 30% in the last 24 hours, bringing its market cap back to $1.2 billion and trading volume to $435 million. Despite this strong surge, technical indicators show mixed signals about the trend’s sustainability.

The ADX remains low, suggesting weak momentum, while the Ichimoku Cloud indicates potential resistance ahead. Whether FARTCOIN continues rising toward $1.99 or faces a pullback depends on whether buying pressure remains strong enough to sustain the current move.

FARTCOIN DMI Signals Trend Weakness

FARTCOIN DMI chart shows its ADX at 18.2, which has remained at that level over the past few days. The ADX (Average Directional Index) measures trend strength, with values below 20 indicating weak momentum, while readings above 25 suggest a stronger trend forming.

When ADX surpasses 40, it signals a strong trend in either direction. Since ADX is still under 20, it suggests that while an uptrend is forming, the overall momentum is not yet fully confirmed.

However, the +DI has risen sharply to 26.4 from 12 in just two days, while the -DI has dropped from 28.6 to 19.3, signaling a clear shift toward bullish control. This suggests that buyers are gaining strength while selling pressure is weakening, aligning with FARTCOIN 30% price increase in the last 24 hours. However, ADX is still below 25, signaling the current trend could not last that long.

If ADX starts rising above 25, it would confirm a stronger trend, reinforcing further bullish momentum. For now, price action suggests an uptrend, but sustained buying pressure will be key to maintaining the move.

FARTCOIN Ichimoku Cloud Shows Challenges Ahead

FARTCOIN, now the third biggest meme coin on Solana, has an Ichimoku Cloud chart showing a transition phase. The price is currently trading just below the red Kumo. The cloud ahead is bearish, indicating potential resistance in the near term, while the Tenkan-sen (blue) and Kijun-sen (red) lines are beginning to slope upwards.

This suggests that short-term momentum is picking up, but the price still needs to break fully above the cloud to confirm a trend shift. Meanwhile, the Chikou Span (green) is approaching past price action, signaling that the market remains in a recovery phase rather than a confirmed bullish breakout.

The cloud is thickening in the upcoming sessions, which could indicate stronger resistance as the price moves toward it. However, if FARTCOIN price continues to hold above the Tenkan-sen and Kijun-sen, it may sustain this upward momentum. The relationship between these two lines will be key – if the Tenkan-sen crosses above the Kijun-sen, it could indicate a strengthening bullish sentiment.

On the other hand, if the price fails to stay above them and the cloud expands downward, it would suggest that bearish pressure remains dominant, keeping FARTCOIN in a consolidation phase.

FARTCOIN Price Prediction: Will the Current Surge Continue?

FARTCOIN price is currently trading between support at $1.13 and resistance at $1.3, with its uptrend still in play. If the price successfully breaks above $1.3, the next key level to watch is $1.61. This would make FARTCOIN surpass SPX6900 and BONK in terms of market cap and become the 5th biggest meme coin in the market.

A breakout above that could push FARTCOIN toward $1.99, marking a potential 60% increase from current levels. Given the recent momentum, the price action in the coming sessions will be crucial in determining whether this rally can sustain itself.

However, the Ichimoku Cloud and ADX suggest that the current surge may not be strong enough to continue for long. If momentum weakens and the meme coin fails to hold its position, a drop back to the $1.13 support could follow.

Losing this level would shift the trend downward, with the next key support at $0.74. Whether FARTCOIN continues its upward push or reverses will depend on how it reacts to these critical price levels in the short term.