The TRUMP token has experienced significant bearish momentum, falling 12.8% since Sunday and closing the week 5% lower. This decline is attributed to weak sentiment around altcoins and the impact of long liquidations, which have driven prices down further. The token has breached the 23.6% Fibonacci extension level at $2.36, indicating potential further declines.Technical analysis suggests that TRUMP could drop to the $1.31 support level in the coming weeks. The token's price has been unable to sustain above key resistance levels, with the 50% Fibonacci retracement at $4.4 acting as a significant barrier. Traders are advised to consider selling opportunities, particularly if the price bounces towards the $2.35-$2.39 range, which could offer a favorable risk-to-reward scenario.