#GIGGLE /USDT Updated Analysis
$GIGGLE has shifted into a short-term recovery phase after finding support near the 67.00 low. Price rebounded strongly and is now consolidating around the 75.90–76.00 zone, suggesting the market is stabilizing after the recent sell-off.
Price Action & Momentum:
The short-term trend is neutral to mildly bullish, with price now trading above key short EMAs (9, 20, 21), which are starting to flatten and align.
RSI(14) at ~52 indicates balanced momentum, moving out of oversold conditions and entering neutral territory.
RSI(6) near 49 shows cooling momentum, suggesting consolidation rather than aggressive buying.
MACD is hovering near the zero line, signaling weakening bearish pressure and a potential momentum shift.
Key Levels:
Immediate Support (Floor): The 74.50–75.00 zone is now crucial. Holding above this keeps the structure intact.
Resistance (Ceiling): The recent intraday high near 78.40 acts as immediate resistance.
Next Resistance: A clean break above 78.40 could open room towards 82–85.
Downside Risk: Failure to hold 74.50 may drag price back toward 72, followed by the major support at 67.
Trading Plan:
The structure is simple:
Hold above 75 → consolidation with a chance of continuation toward 78.40 and higher.
Break above 78.40 → bullish continuation setup toward 82–85.
· Aggressive Play: Scalpers can look for continuation trades above 75 with tight risk.
· Risk: A sharp rejection from 78.40 or a breakdown below 74.50 would invalidate the short-term bullish bias and shift momentum back to sellers.
