TRUMP Token Crashes to New Lows as Traders Brace for More Losses
The TRUMP cryptocurrency has been caught in a steep decline, shedding most of its value within weeks.
Market instability, coupled with growing pessimism among traders, has fueled this downward spiral, leaving little room for optimism. The token’s struggles are compounded by broader market conditions, where uncertainty continues to dampen investor confidence.
With bearish sentiment dominating, funding rates have plunged to their lowest levels since January. The increasing number of short positions suggests that traders are anticipating further losses rather than a potential recovery.
As a result, buying interest has dwindled, allowing selling pressure to dictate price action. This shift in sentiment has made it increasingly difficult for TRUMP to find stability, as each failed attempt at recovery further weakens confidence.
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Bitcoin’s Final Surge? Economist Predicts Massive Crypto RallyRecently, TRUMP hit an all-time low of $14.29 after breaking below the crucial $16.00 support level. The 11% drop in just 24 hours has reinforced negative sentiment, pushing traders to adopt an even more cautious stance. If the current trend persists, the price could soon dip below $10, a level that would erase nearly all of its gains since launch.
Such a scenario could heighten liquidation risks, triggering further sell-offs and making a rebound even more challenging. Without a significant shift in market conditions or renewed investor interest, TRUMP’s downward trajectory may continue, leaving it vulnerable to even deeper declines.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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