GIGGLE forms a clear double bottom pattern around 64-66. This repeated testing of the bottom followed by a rebound often indicates that buying power is accumulating. Most importantly, the trading volume significantly increased the day before yesterday, and the price directly broke through the resistance level of 70.57. Such a volume breakout is usually not false, and market sentiment has immediately been ignited.



From the chart, every time it approaches the upper resistance, there is a noticeable decrease in volume for a pullback, indicating that the main force is accumulating positions. Now that the major resistance has been broken, if the trading volume continues to follow up, the potential of this rally may be seriously underestimated. Many are still waiting for a pullback to buy, but by the time they realize it, it will have already taken off.

Of course, a good technical outlook also depends on the overall market trend. If Bitcoin continues to strengthen, GIGGLE, as a relatively weaker coin, has greater rebound potential. The next focus is whether it can hold above 70.57 and whether it can break through the next key resistance level.
GIGGLE-3,6%
BTC-0,62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
consensus_whisperervip
· 01-09 03:01
Double bottom breakout with increased volume, this time feels a bit different.
View OriginalReply0
GweiWatchervip
· 01-07 05:49
A double bottom breakout with volume is a different story, and this time it feels real.
View OriginalReply0
FortuneTeller42vip
· 01-07 03:51
The double bottom has formed, and the volume is convincing. This move is quite interesting. Those waiting for a pullback will regret it; once the 70.57 level holds, it will soar directly. If Bitcoin is strong, the rebound space for small coins like GIGGLE is really underestimated. The main force is accumulating so obviously, wanting to buy the dip is too greedy haha. The key still depends on whether the trading volume follows; without enough volume, it's all虚假的. If it breaks down, it breaks down. Instead of stressing over a pullback, it's better to get on board with confidence. The double confirmation at 64-66 is logical, and it’s just a matter of how high it can push later.
View OriginalReply0
ContractCollectorvip
· 01-07 03:50
Double bottom breakout with increased momentum, this move is indeed quite interesting.
View OriginalReply0
RektCoastervip
· 01-07 03:47
Double bottom breakdown with volume, this move is quite interesting.
View OriginalReply0
GateUser-2fce706cvip
· 01-07 03:47
I've said it before, this double bottom breakout combined with increased volume is a signal that the main force has completed their accumulation. For those still waiting for a pullback, it's already too late to get in once they realize it. This is the difference between being proactive and being a latecomer.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)