Trump Media and Crypto.com Make Major Investment in Cronos, Blending Politics with Cryptocurrency
Merger Announcement: Trump Media & Technology Group and Crypto.com are set to launch a publicly traded Cronos through a merger with Yorkville Acquisition Corp, creating a treasury exceeding $6 billion.
Long-term Growth Strategy: Despite a decline in CRO's price, the companies are focusing on long-term growth, including plans for staking rewards and integration into Truth Social and Truth+ programs.
Allegations of Favoritism: A report claims that Trump-branded crypto ventures have benefited politically connected investors, raising concerns about regulatory favoritism and potential corruption.
Asset Breakdown: The proposed treasury will include over 6.3 billion CRO tokens, $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit, aiming to establish a robust blockchain ecosystem.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRUTH
Technical Sentiment Analysis for Swarm Network (TRUTH) As of , Swarm Network (TRUTH) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUTH 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, TRUTH 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 $-.
Swarm Network (TRUTH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00961 | 0.0111 | 0.0125 | 0.014 | 0.0154 | 0.0169 | 0.0183 |
| Fibonacci | 0.0111 | 0.0122 | 0.0128 | 0.014 | 0.0151 | 0.0157 | 0.0169 |
About TRUTH
About the author
