#隐私币生态普涨 Today's market quick report: pullback or get on board signal?

November 7 update: $GIGGLE is currently priced at $211.80, having plummeted 13.31% in the last 24 hours, but the trading volume has surged to $648 million. It has slid from yesterday's high of around $244, and the market's cautious sentiment has clearly intensified.

What do you think from a technical perspective? Recently, the heat of DeFi led to a surge, and the Giggle fund continuously injected liquidity, causing the coin price to double directly. But now the problem arises - the Federal Reserve's interest rate hike signals are getting tighter, leading Bitcoin to take the lead in the pullback, and altcoins are suffering as a result. The key support is at $190, and if it can't hold, $150 might be the next stop. However, the RSI indicator has already dropped to the oversold zone at 28, so a short-term rebound could happen at any time.

Let’s talk about the fundamentals. The Giggle Fund focuses on the social AI track, with a total value locked (TVL) surpassing $500 million, and it has partnered with several Web3 projects. Some institutions predict it could return to $244 by the end of the year, and even see $249 or more by 2026, as the narrative of AI + crypto is still trending.

Here are two approaches for operation: aggressive players can consider building a position in batches around $200, with a stop loss set at $180; for a more stable approach, wait for volume to stabilize before proceeding. The market is highly volatile, so do your own research!

$GIGGLE $ETH