📊 $GIGGLE /USDT – Short-Term Price Action Analysis (1H)

Market Structure

Price has formed a clear V-shaped recovery after a strong sell-off.

We are now in a short-term bullish structure with higher highs and higher lows.

Momentum is strong, but price is approaching a reaction zone.

Key Resistance Zone

$70.5 – $72.0

Previous rejection area

Long upper wick already forming → profit-taking pressure

This zone is the first major decision point

👉 The candle you circled shows buying strength, but also seller response.

Key Support Levels

$68.0 – $67.2 → Minor intraday support

$65.5 – $64.2 → Major demand zone (previous bottom)

As long as price holds above $67, the structure remains bullish.

Can GIGGLE Reach $100?

Short answer:

➡️ Not directly. Not yet.

Why?

$100 is a psychological + extension target

Price must:

1. Break and hold above $72

2. Flip $75–78 into support

3. Build volume + consolidation (not a straight pump)

A straight move to $100 from here would be low probability without a pullback.

High-Probability Scenarios

✅ Bullish Continuation

Clean break & close above $72

Retest holds → continuation toward $78 → $85

Only after consolidation does $100 become realistic

⚠️ Healthy Pullback (Most Likely)

Rejection near current zone

Pullback to $68–67

If buyers defend → next leg up

❌ Invalidation

Lose $65

Bullish structure breaks

Likely range or deeper retrace

Conclusion

Trend: Short-term bullish

Momentum: Strong but extended

$100: Possible later, not immediate

Best strategy now: Wait for pullback or confirmed breakout

If you want, I can:

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Mark entry / targets / invalidation precisely

Or assess risk for late entries vs pullback buys

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