$GIGGLE / USDT — Sharp Sell-Off Followed by Stabilization, Relief Bounce in Play
GIGGLE is currently trading at $55.35, down -10.12%, after experiencing a violent dump on the 1H timeframe. Price collapsed from the $63.0 supply zone to a session low near $49.79, forming a long downside expansion candle — a clear sign of forced selling and liquidation-driven pressure.
After the flush, price has started to stabilize and range, suggesting selling momentum is cooling off. The market is now attempting a short-term relief bounce, with higher lows forming from the $50 base. However, structure remains fragile until key resistance is reclaimed.
The bounce so far looks reactive rather than impulsive, meaning buyers are stepping in, but conviction is still developing. This is a make-or-break zone for short-term direction.
📌 Key Support Zone: $52.0 – $49.8
A hold above this zone keeps the recovery attempt alive. Loss of $49.8 opens further downside.
📌 Key Resistance Zone: $57.8 – $60.0
This area previously acted as support and is now major resistance.
🎯 Levels to Watch:
Target 1 (Relief): $57.9 🥇
Target 2: $60.8 🥈
Target 3 (Trend Flip): $63.0 🥉
⚡ Bias: Neutral-to-cautious. Short-term bounce possible, but trend remains vulnerable below $60. Aggressive traders may scalp rebounds, while safer setups come only after a clean reclaim of resistance. Trade light and protect capital. 💪📊
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