Shocked! $TRUMP Token Falls 20: Will Resistance at 17.95 be Broken And Awaken the Storm

$TRUMP has dropped 20% over the past week, currently trading at $17.00, as a wave of fake tokens has caused confusion for investors. Over 700 identical coins have appeared, borrowing the Trump and his family's brand, making it difficult for traders to distinguish between genuine and potential fraudulent products. Initially, this token attracted attention based on speculation and Trump's increasing involvement with cryptocurrency. However, the rise of illicit versions on centralized exchanges is raising concerns about liquidity traps and market manipulation. Many of these fake coins have no real utility, relying on hype and fake trading volume to sustain their operations, increasing the risk of strong sell-offs. $TRUMP Token is facing resistance at $17.95. Despite some brief recovery attempts, $TRUMP is still below the key resistance level of $17.95, in line with the declining trendline that has rejected multiple price breakouts. The 50-day exponential moving average ((EMA)) at $19.59 reinforces this ceiling, preventing any sustainable rebound. To reverse the uptrend, $TRUMP must break and hold above $17.95. A breakout could push prices up to $20.73 and $22.63, but if it fails to overcome resistance, the token could be vulnerable to another downturn. Does $TRUMP hold above $14.67? The main support levels need to be monitored The next major test is at $14.67, a significant support level that has previously resisted sharp declines. If this level is broken, $TRUMP could slide further to $12.55 and $10.32, important levels in history where buyers may enter. To keep $TRUMP stable, the buying side must defend the support level of $14.67, while breaking above $17.95 may attract new buyers. However, if the sellers maintain control, the possibility of further losses is inevitable.

Market outlook for $Trump: Speculation or long-term feasibility? Trump's support for cryptocurrencies has kept the $TRUMP token in focus, but its price action is still dominated by speculation rather than fundamental factors. While political developments have affected its trajectory, the token must establish stronger technical support to maintain long-term value. Currently, the market remains cautious and is watching to see whether $TRUMP can surpass the $17.95 resistance level, or whether it will continue to decline.