📊 $GIGGLE under the pressure of fear
- Current price: $64.87 (-2.12%)
- Trend: below all moving averages → clear downward dominance.
- Indicators: Negative MACD, RSI at 45, and the price is close to Bollinger support at $64.32.
🐋 Whales surrender:
- Long positions at a loss of -33%, while 90% of short positions are profitable.
- Reduction of long positions by 26.7% in one day.
- Risk of cascading liquidations if support at $64.32 is broken.
⚖️ Narratives are conflicting:
- Positive side: GIGGLE's connection to Giggle Academy and a charitable initiative through Binance (50% of fees for education).
- Negative side: Technical warnings of further declines amidst fear sentiment (index at 28).
🔮 Scenarios:
- Short term: Break of $64.32 = additional selling pressure.
- Medium term: Any reversal needs a breakout above $71 with strong trading volume.
- Long term: The charitable initiative may provide a positive foundation if bottom signals appear.
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🚀 Summary
GIGGLE is living a critical moment between strong selling pressure and a positive charitable narrative. Support at $64.32 is the most important defense line now.
