TRUMP Token Crashes to New Lows as Traders Brace for More Losses

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Cryptodnes2025/02/10 16:00

By:Cryptodnes

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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Recently, 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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The crypto market has recently been affected by multiple uncertainties, posing significant challenges for investors. Since the Trump administration took office, its foreign policy has shifted rapidly and unpredictably. For example, in early 2025, the U.S. Unexpectedly tightened restrictions on tech exports to China, leading to diverging views on the future of blockchain-related technologies. Although Trump has repeatedly voiced support for cryptocurrencies on social media, no concrete policies have followed. This ambiguity has made market sentiment swing between optimism and caution, leaving it highly reactive to both breakthroughs and black swan events. Meanwhile, the altcoin market continues to languish, lacking a clear investment narrative. Previously common sector rotations, such as DeFi, AI, or GameFi, have largely faded. Hype is scattered and short-lived. Memecoins on various public chains have surged in number, but most have short lifespans and quickly go to zero. This makes it harder for investors to identify high-quality projects. In this environment, allocating part of your capital to stablecoin-based yield products may be a prudent move. Beyond conventional DeFi protocols such as Aave, Compound, and Kamino for staking USDT and USDC, Bitget provides users with a broader selection of stablecoin investments offering higher APRs.

Bitget VIP•2025/05/30 01:53