$GIGGLE is trading near $67, holding above key EMAs and showing a bullish MACD, which gives the chart a short-term positive look. RSI is in a healthy range, and price is pushing toward resistance near $67.7. On the surface, this looks like an uptrend, and retail traders are still flowing in, helped by the positive story around CZ’s support for Giggle Academy.
But under the hood, risk is very high. Whales and top traders are aggressively short, with average short entries around $70.7, showing strong bearish conviction. Long positions are heavily crowded and mostly underwater, with many entries far above current price. Large holders are selling into rallies, creating a clear flow divergence between retail buyers and smart money.
The key level to watch is $64.7 support. A break below this could trigger a long squeeze, leading to fast downside moves. Upside bounces toward $70–$71 may face heavy selling unless price can break and hold above that zone. Overall, this is a high-volatility, high-risk setup, where bullish indicators clash with strong bearish whale pressure.
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