By Nermeen Nabil Khear 
$TRUMP has dropped 20% this past week, now trading at $17.00, as a wave of imitation tokens stirs confusion among investors. More than 700 lookalike coins have popped up, borrowing branding from Trump and his family, making it tough for traders to separate the real deal from potential scams.
With so many clones flooding the market, demand for $TRUMP has taken a hit, fueling price swings.
At first, the token gained traction, riding on speculation and Trump’s growing connection to crypto. But the rise of unauthorized versions on decentralized exchanges is sparking concerns about liquidity traps and market manipulation.
Many of these knockoff coins lack real utility, depending on hype and artificial trading volume to stay afloat—raising the risk of sharp sell-offs.
$TRUMP Token Faces Resistance at $17.95
Despite brief recovery attempts, $TRUMP remains below its key resistance level of $17.95, aligning with a descending trendline that has rejected multiple bullish breakouts. The 50-day Exponential Moving Average (EMA) at $19.59 reinforces this ceiling, preventing any sustained recovery.
To reverse momentum, $TRUMP must break and hold above $17.95. A breakout could push the price toward $20.73 and $22.63, but failing to clear resistance could leave the token vulnerable to another downward leg.
Will $TRUMP Hold Above $14.67? Key Support Levels to Watch
The next major test lies at $14.67, a key support zone that has previously held against sharp declines. If this level breaks, $TRUMP could slide further toward $12.55 and $10.32—historically significant levels where buyers might step in.
For $TRUMP to stabilize, bulls must defend the $14.67 support, while a break above $17.95 could attract fresh buyers. If sellers maintain control, however, further losses may be inevitable.
$Trump Market Outlook: Speculation or Long-Term Viability?
Trump’s endorsement of cryptocurrency has kept the $TRUMP token in focus, but its price action remains driven by speculation rather than fundamentals. While political narratives have influenced its trajectory, the token must establish stronger technical support to sustain long-term value.
For now, the market remains cautious, watching whether $TRUMP can break past resistance at $17.95 or if further declines are on the horizon.
Best Wallet Token ($BEST): A Smarter Way to Manage Crypto
With speculative assets like $TRUMP experiencing turbulence, many investors are turning to utility-driven projects like Best Wallet Token ($BEST). Unlike meme coins, $BEST powers Best Wallet, a next-gen digital asset manager designed to provide secure, streamlined crypto management.
Available on Google Play and the App Store, Best Wallet offers a secure platform for storing, investing, and discovering early-stage crypto projects before they hit the mainstream.
Best Wallet v2.4.5 is Live!
You can now claim tokens directly within your Upcoming Tokens tab.
Claim your tokens without leaving your wallet
Clear breakdown of your gas fee whilst claimingA smoother, safer way to secure your tokens
Update your Best Wallet… pic.twitter.com/hALfGGrBML
— Best Wallet (@BestWalletHQ) February 3, 2025
Why Best Wallet Stands Out
- Early-Access Investing: Discover and invest in upcoming tokens before they go mainstream.
- Fireblocks MPC-CMP Security: Industry-leading encryption ensures safe transactions.
- Support for 1,000+ Cryptos: Seamless multi-asset management across the ecosystem.
With over 147 million $BEST tokens staked and $9.4 million raised in presale, investor confidence continues to rise. Currently priced at $0.0239, the next price increase is imminent, making now the best time for early adopters to secure their holdings.
The post Is There Still a Future for $TRUMP? Down Almost 20% This Week appeared first on Cryptonews.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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