Here is the technical analysis $GIGGLE /USDT based on the 1H chart
🔎 Trend Condition
The main trend is still bearish
Price is below MA25 (±83.75) and MA99 (sharply down).
Structure is still lower high – lower low.
However, there are signs of consolidation / a small rebound from the lower area.
📉 Support & Resistance
Strong support:
56 – 58 → last low area (56.69).
If breached, potential for further decline.
Current minor support:
65 – 67 → current price area (68.19 approaching this zone).
Nearest resistance:
72 – 75 → previous rejection area.
83 – 85 → MA25 (strong resistance).
100+ → major resistance, needs high volume to break.
📊 Indicator
MA(7) ≈ 65.67
Price is just slightly above MA7 → very short-term rebound.
Volume:
Low volume → no strong reversal confirmation yet.
Price increase without a volume spike = prone to fake pump.
📌 Scenarios
1️⃣ Bullish Scenario (short term)
Stay above 65
Break & close above 75
➡️ Target: 80 – 85
2️⃣ Bearish Scenario
Failed to hold at 65
Breakdown 56
➡️ Potential to continue to the 50s
