$GIGGLE /USDC just went through a sharp shakeout and the market is still buzzing.
Price is trading around 69.56 after dropping nearly 8% on the day, with a clear rejection from the 77.91 high. Sellers pushed it hard, but the move stalled right at the 67.41 low, which is now acting as a short-term demand zone. Since that bounce, price is trying to stabilize and build a base.
On the 15m chart, GIGGLE is still below the key moving averages. MA(7) sits near 69.26, MA(25) around 71.03, and MA(99) up at 74.42, showing the broader structure is still bearish. However, the recent candles show buyers stepping in after the flush, hinting at a possible short-term relief move.
Volume spiked aggressively during the drop, confirming panic selling, and has started to cool down, which often signals exhaustion. MACD is slightly positive with momentum flattening, suggesting the downside pressure may be losing strength.
Key levels to watch: Support: 67.40 – 68.90
Immediate resistance: 70.80 – 71.00
Major resistance: 74.50 – 76.70
If GIGGLE holds above 68 and reclaims 71 with volume, a recovery push toward the mid-70s is possible. Failure to hold 67.40 would reopen deeper downside. Volatility is high, reactions will be fast, and this zone will decide the next real move.
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