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.