I have been watching GIGGLE for almost eight months, and recent movements have indeed shown some noteworthy signals.

Just in the last 1-hour timeframe, the price rebound strength is clearly insufficient, and it just broke below the 5-day moving average support. More importantly, the MACD indicator shows very weak red bars, with no signs of strong buying volume entering.

On-chain data indicates that main addresses are continuously selling, while the number of retail addresses accumulating is increasing—this structure itself reveals a problem. Large holders are gradually reducing their positions, while retail investors are chasing the high, and this opposing situation often signals a potential reversal.

There is still significant space below the current price level, and a second bottom test is quite possible. If you are aligned with this view, you might consider positioning for a short at this level. Compared to market orders, chasing a short at the current price could be more efficient.