Crypto Exchanges Contribute Over $21M to Trump PAC
- Financial Contributions: Gemini Trust Company donated 1.5 million USDC to the MAGA Inc. Super PAC, while Crypto.com's parent company Foris Dax contributed two $10 million donations, totaling over $21 million, significantly bolstering the PAC's financial resources.
- Political Impact: Although Trump is not running for reelection in 2026, these funds can still support like-minded candidates, potentially influencing control of Congress, particularly in critical House and Senate elections.
- Industry Involvement: An executive from Shift4 donated $1 million, and JP Morgan contributed over $4 million, showcasing active participation from the crypto and financial sectors in political activities, which could shape future legislative environments.
- Election Outlook: The 2024 elections saw significant funding from crypto companies and executives, notably $40 million spent in Ohio's Senate race, indicating that the crypto industry's influence in upcoming elections will likely continue to grow.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 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 stock.
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 | 1.548 | 2.284 | 3.048 | 3.784 | 4.548 | 5.284 | 6.048 |
| Fibonacci | 2.284 | 2.857 | 3.211 | 3.784 | 4.357 | 4.711 | 5.284 |
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