$GIGGLE /
USDT Technical Analysis (15m)
Current Price: 62.67
24h High: 71.02
24h Low: 61.20
Trend: Short-term bearish to neutral
Price Action
After a sharp drop from the 70+ zone, price formed a base near 61.20 and bounced. The recovery was weak and price is now consolidating between 62.20 and 63.20. Volatility has reduced, indicating indecision.
Moving Averages
MA(7): 62.67
MA(25): 62.40
MA(99): 65.22
Price is trading below MA(99), confirming the broader bearish trend. Short-term MAs are flat and close to price, suggesting sideways movement rather than a strong reversal.
Volume
Recent volume is lower compared to the sell-off phase. Buying pressure is present but not strong enough to confirm trend reversal.
Support Levels
62.20
61.20
60.90
Resistance Levels
63.20
64.80
66.50 to 67.00 (major resistance near MA99)
Outlook
As long as price stays below 64.80, the bias remains weak. A clean break and hold above 65 with volume is needed for bullish continuation. Failure to hold 62.20 may lead to a retest of 61.20 support.
Bias
Short-term: Neutral to bearish
Scalp trades possible within range
Trend reversal not confirmed yet
