Crypto Firms Donate Over $21 Million to Trump-Backed PAC
- Major Contributions: Gemini Trust Company donated $1.5 million in USDC to the MAGA Inc. Super PAC, while Foris Dax made two separate $10 million contributions, collectively boosting the PAC's total funds to approximately $294 million, which could significantly influence upcoming elections.
- Political Impact: These donations are crucial ahead of the 2026 midterm elections, where control of Congress is at stake, potentially shaping the future regulatory landscape for the cryptocurrency industry.
- Industry Engagement: The partnership between cryptocurrency firms and Trump's media company has strengthened since 2025, indicating a strategic move to leverage political donations to protect digital currency interests and advocate for favorable legislation.
- Historical Context: In the 2024 elections, cryptocurrency companies spent millions supporting candidates, with significant funds allocated for advertising, demonstrating their political influence, and this trend is expected to continue into the 2026 elections as they support pro-crypto candidates.
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Technical Analysis for PEOPLE
Technical Sentiment Analysis for ConstitutionDAO (PEOPLE) As of , ConstitutionDAO (PEOPLE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PEOPLE 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, PEOPLE 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 $-.
ConstitutionDAO (PEOPLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0029 | 0.00424 | 0.00568 | 0.00702 | 0.00846 | 0.0098 | 0.0112 |
| Fibonacci | 0.00424 | 0.0053 | 0.00596 | 0.00702 | 0.00808 | 0.00874 | 0.0098 |
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