GIGGLE has been making quite a splash recently. It surged from $60 all the way above $68, and the short-term momentum is indeed very strong—MACD has shown a bullish crossover, and EMA7 has successfully crossed above EMA25, indicating healthy technicals. Trading volume has also picked up significantly, with a peak volume of $8.24 million within an hour, suggesting that market participants' interest has indeed returned.
But there's an interesting twist. Technical indicators are signaling risk—RSI6 has soared to 85.42, and RSI12 is also high at 76.44. The price is hugging the upper Bollinger Band, clearly showing signs of being overbought. Historically, this asset has experienced quite volatile swings—such as the crash from $288 down to $47, which wiped out many accounts.
In the community, there are currently two camps fighting. One side is optimistic, shouting to push the price to $100, with all kinds of "big rally" expectations flying around. The other side consists of trapped investors still lamenting previous losses, with some even suggesting buybacks from funds to stabilize the market. This emotional divide actually reflects the true state of the market—some are optimistic about the future, while others are feeling anxious.
In summary: strong rally + overbought warning + emotional split—how this game unfolds depends on subsequent developments.
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SelfMadeRuggee
· 17h ago
RSI is already so high and still wants to push to 100, this mentality is really incredible.
I still remember the 288 drop to 47, that wave directly caused many people to lose face.
Overbought is overbought, no matter how good the technicals look, it’s useless.
The fact that two groups are fighting shows there’s no consensus at the bottom. I’m just waiting to see who gets proven wrong.
If you don’t buy the dip this time, just wait and see the rebound drop again.
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FUDwatcher
· 12-20 05:09
RSI overbought and just want to hit 100? Bro, are you gambling or investing?
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Same old story, the technicals look good so you think you can just lie back and win, who forgets the move from 288 to 47?
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Are the trapped guys now starting to suggest buying back? It shows their mentality has really collapsed.
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Overbought signals are right here, and some are shouting to break through the sky, laugh out loud.
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Both sides are tearing each other apart, it sounds nice but in reality, it's just gamblers and bagholders despising each other.
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With such fierce historical volatility, and still sticking to the upper band? Expect a punch.
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A trading volume of 8.24 million and you're excited? That's a small scene, everyone.
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I just want to know if this wave can hold at 68, or it'll be another slaughter.
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RSI 86 and still rising? Wake up, everyone, this is just a trap to lure more in.
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Those shouting for $100 now must be panicking inside; the technicals have already issued warnings.
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MemeTokenGenius
· 12-20 05:06
RSI has already soared to 85, do you still dare to chase? I think this is heading for a dump.
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The incident from 288 to 47, haven't learned your lesson yet? Now you're about to repeat it?
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Optimists and those caught in the trap are now arguing fiercely in the group. I'll just watch quietly.
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The upper band of the Bollinger Bands is so tight. Isn't it time to take profits, everyone?
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What does a trading volume of 8.24 million indicate? It just means it's time to cut the leeks.
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$100? I think it's better to secure $68 first, don't overthink it.
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This wave of emotional tearing is really interesting. Everyone is shouting in both directions, but few actually make money in the end.
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The overbought warning is so obvious, yet you're still holding? I don't understand.
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From 60 to 68, such a rise usually isn't a good sign.
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TokenomicsDetective
· 12-20 04:59
RSI is almost hitting 90, and some are still calling for 100? How optimistic can you be... Haven't you learned enough from history?
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GateUser-98952468
· 12-20 04:59
Ape In 🚀
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ChainSpy
· 12-20 04:56
Wait, RSI has already skyrocketed to 85, and you're still chasing? Aren't you just asking for trouble?
#数字资产市场洞察 $GIGGLE Spot Analysis
GIGGLE has been making quite a splash recently. It surged from $60 all the way above $68, and the short-term momentum is indeed very strong—MACD has shown a bullish crossover, and EMA7 has successfully crossed above EMA25, indicating healthy technicals. Trading volume has also picked up significantly, with a peak volume of $8.24 million within an hour, suggesting that market participants' interest has indeed returned.
But there's an interesting twist. Technical indicators are signaling risk—RSI6 has soared to 85.42, and RSI12 is also high at 76.44. The price is hugging the upper Bollinger Band, clearly showing signs of being overbought. Historically, this asset has experienced quite volatile swings—such as the crash from $288 down to $47, which wiped out many accounts.
In the community, there are currently two camps fighting. One side is optimistic, shouting to push the price to $100, with all kinds of "big rally" expectations flying around. The other side consists of trapped investors still lamenting previous losses, with some even suggesting buybacks from funds to stabilize the market. This emotional divide actually reflects the true state of the market—some are optimistic about the future, while others are feeling anxious.
In summary: strong rally + overbought warning + emotional split—how this game unfolds depends on subsequent developments.