Trump's Golden Statue at Center of Cryptocurrency Venture
- Funding Background: The golden statue of Trump was funded by cryptocurrency investors who raised $300,000 for its creation, intended as a tribute to Trump while also serving as a promotional tool for the PATRIOT memecoin, which lacks practical utility.
- PATRIOT Coin Volatility: Launched in late 2024, the coin briefly surged in value due to Trump's promises but subsequently plummeted over 90% within months due to infighting and delays among investors, highlighting the high-risk nature of speculative cryptocurrencies.
- Legal Dispute Impact: During the statue's creation, a dispute arose with Ohio sculptor Alan Cottrill, who claimed $75,000 for intellectual property rights, causing project delays, although the statue was ultimately installed at Trump's golf resort in January 2026.
- Marketing Strategy: Despite the Trump family's distancing from the PATRIOT coin, Trump promoted the project via social media, aiming to leverage the statue's appeal to revive the cryptocurrency's value, while the launch of his competing coin, Official Trump, further distracted investor interest.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 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 | 1.512 | 2.266 | 3.092 | 3.846 | 4.672 | 5.426 | 6.252 |
| Fibonacci | 2.266 | 2.87 | 3.243 | 3.846 | 4.45 | 4.823 | 5.426 |
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