Quick Briefing
- Alright, so here's the scoop on Giggle: The chart is screaming that we're nowhere near the bottom yet. This little bounce we've seen? Super weak sauce, and the big players are still quietly dumping while retail keeps trying to catch falling knives.
- This matters because trying to catch these dips is seriously risky business; the market needs a full "flush out" of all that leverage and a real shift in big money buying before we see any sustainable upside. We could easily see Giggle drop to the 58-60 range if current support gives way.
- The key thing to watch out for is getting burned trying to "bottom-fish" – especially if you're using leverage. Every time someone tries to long a dip, they get instantly punished. We need whales to actually start buying, all those margin longs to unwind, and the price to reclaim above 83-85 before we can even dream of a real reversal.
Giggle sits around 69–70 after falling from 108, and the trend is still down. The bounce from 67.40 is weak, and nothing changes while price stays under 74–76. A real reversal only starts above 83–85, and the chart isn’t close to that level.
Platform concentration rising from roughly 15% to almost 17% during a drop shows stronger hands absorbing liquidity for lower levels, not building support.
Margin data confirms it. Borrow and long ratios spike on every dip, showing bottom-chasing. Each spike gets punished instantly because the market hasn’t flushed out leverage yet. No reset, no strong inflow, no reclaim candle — still a correcting market.
$GIGGLE is acting like early $ZEC — low supply, early pump, heavy unwind, then a long cooldown before any serious next move. Giggle looks like it’s entering that cooldown phase now.
Short term stays bearish unless price breaks above 74–76. If 67.40 fails, next levels are 63 and then 58–60.
Long term can recover only after a full reset: whales turning positive, margin longs unwinding, and a reclaim above 83–85. Until then, downside pressure remains the main trend.
This is my clean read — the chart hasn’t finished its correction yet.
About Meow Alert
Crypto analyst and researcher with 13k+ followers on Binance Square. Focused on on-chain data and market structure.
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