The crypto market sometimes brings joy and sometimes a hidden warning signal. Today we are talking about GIGGLE/USDT, which is currently going through a difficult phase. On Binance's 4-hour chart, GIGGLE is currently trading around $67.36 — quite below its recent highs.
1️⃣ Historical Crash of the Market: From Peak to Plunge
At the beginning of December, GIGGLE touched an incredible peak around $160. However, after that, the price saw a vertical drop and has been stuck in this downtrend ever since. Momentum has now lost, and both buyers and sellers appear to be cautious.
2️⃣ Current Situation: Consolidation & Waiting
In the last few days (16–21 December), GIGGLE has halted its decline and is trading in a sideways range:
Support: $65 — this level is the last hope for the bulls and the price bounces back repeatedly from here.
Resistance: $80 — this is a major hurdle above. Until the price breaks this level with strong volume, any major rally is difficult.
3️⃣ Volume Analysis: Calm Before the Storm?
The volume bars present below the chart indicate that trading activity is not as active as before. This means sellers are exhausted, but buyers still lack the strength to push the price up. Often after such low volume consolidation, either a breakout or breakdown occurs.
4️⃣ Technical Snapshot
Price Change (24h): -0.74%
24h High/Low: $68.90 / $65.71
Current Trend: Sideways / Neutral
⚡ Trading Strategy: Risk vs Safety
For Risk-Takers: One can take a small entry with a $65 stop-loss, hoping that the market will bounce back by forming a double bottom.
For Safe Traders: Wait until the price crosses the $80 resistance with a strong breakout.
📝 Quick Summary Table
ParameterValueCurrent Price$67.3624h Trading Volume (USDT)$11.36MMarket SentimentCautious / Sideways
