$GIGGLE /USDT ‌

Current price is showing heavy downside pressure, trading around 86.88 USDT with a sharp −26% to −27% drop in the last 24 hours. After a strong sell-off from the 122 area, the market failed to hold higher levels and entered a clear bearish continuation phase.

On the 15M and 1H timeframes, we’re seeing a sequence of lower highs and lower lows, which confirms that sellers are still in control. The recent bounce from the 83.86 low looks more like a dead cat bounce than a true reversal, as buying volume remains weak and recovery candles are small and hesitant.

Price is now consolidating below previous support, which has turned into near resistance around the 90–92 zone. As long as price stays below this area, downside risk remains high.

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Trade Setup (Bearish Bias)

Entry Zone:
88.50 – 91.50

Target 1 🎯:
83.80

Target 2 🎯:
79.00

Target 3 🎯:
72.50

Stop Loss:
94.50

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Market Insight

If price fails to reclaim 92+ with strong volume, sellers are likely to step in again, pushing price toward lower liquidity zones. A break below 83.80 could accelerate panic selling and open the door to deeper levels.

However, if buyers manage to flip 92–95 into support with convincing volume, then this bearish setup becomes invalid and a short-term relief rally could follow. Until that happens, the trend favors continuation to the downside rather than a true recovery.
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