๐จ My Deep $GIGGLE Research: The Chart Is Not Done Dropping Yet ๐จ
Giggle sits around 69โ70 after falling from 108, and the trend is still down. The bounce from 67.40 is weak, and nothing changes while price stays under 74โ76. A real reversal only starts above 83โ85, and the chart isnโt close to that level.
Money flow stays negative. Today is slightly red, and the last five days from large wallets are all outflows โ from seven thousand to over forty thousand. Bigger players are exiting calmly while retail keeps buying dips, and that keeps pressure on the price.
Platform concentration rising from roughly 15% to almost 17% during a drop shows stronger hands absorbing liquidity for lower levels, not building support.
Margin data confirms it. Borrow and long ratios spike on every dip, showing bottom-chasing. Each spike gets punished instantly because the market hasnโt flushed out leverage yet. No reset, no strong inflow, no reclaim candle โ still a correcting market.
๐ Hereโs what I think:
Giggle is acting like early $ZEC โ low supply, early pump, heavy unwind, then a long cooldown before any serious next move. Giggle looks like itโs entering that cooldown phase now.
โ Short term stays bearish unless price breaks above 74โ76. If 67.40 fails, next levels are 63 and then 58โ60.
Long term can recover only after a full reset: whales turning positive, margin longs unwinding, and a reclaim above 83โ85. Until then, downside pressure remains the main trend.
This is my clean read โ the chart (no clean structure, and broken) hasnโt finished its correction yet.
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