Fellowship PAC Spends Over $3 Million in Texas Election
- Funding Overview: Fellowship PAC disclosed spending over $3 million on U.S. Senate and House races, primarily aimed at supporting a Texas Republican candidate, indicating its strategic positioning for the 2026 midterm elections.
- Key Candidate Support: The committee reported backing Texas Attorney General Ken Paxton with $1.75 million, who is competing against incumbent Senator John Cornyn in a runoff on May 26, potentially influencing the GOP's nomination strategy.
- Advertising Expenditure Details: Fellowship PAC also allocated $350,000 each for Senate races in Georgia and Alabama, with Louisiana expenditures ranging from $250,000 to $350,000, all routed through Nxum Group, co-founded by Bo Hines, highlighting its influence in political advertising.
- Industry Impact and Regulatory Scrutiny: The activities of Fellowship PAC reflect efforts by crypto-aligned political committees to shape candidate support and messaging, and as the 2026 midterms approach, regulatory scrutiny over these funding flows and transparency is intensifying, which may impact future policies and market environments.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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