ALT5 Sigma, a crypto firm linked to Trump, refutes rumors of SEC investigation
ALT5 Sigma's Denial: ALT5 Sigma has denied reports of an SEC investigation into executive Jon Isaac regarding alleged earnings inflation and insider trading related to a $1.5 billion deal with Trump's crypto platform.
Jon Isaac's Clarification: Jon Isaac stated he is not the president of ALT5 and is not under investigation, asserting that the reports contain factual errors about his role and regulatory status.
Impact on Share Price: The rumors led to a significant drop in ALT5's share price, falling 10.5% to $10.48, and further declining to $5.39 in after-hours trading.
Previous SEC Complaints: The SEC had previously filed complaints against Jon Isaac for financial fraud allegations, which he and his companies have denied, with the case still active in federal court.
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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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