GIGGLE formed a clear double bottom pattern around the 64-66 range. This rebound after repeated testing of the bottom often suggests that buying power is accumulating. The most critical factor is that trading volume expanded significantly the day before yesterday, and price directly broke through the resistance level at 70.57. This volume-backed breakout is typically not a false move, and market sentiment suddenly ignited.

From the chart perspective, each time it touches the upper pressure level, there is obvious volume contraction on pullbacks, indicating that major players are accumulating positions. Now that it has broken through the main resistance, if trading volume continues to follow through subsequently, the potential space for this rally may be significantly underestimated. Many people are still waiting for pullbacks to buy, but by the time they realize what's happening, it will have already taken off.

Of course, the technical picture looking positive also depends on the overall market's mood. If Bitcoin continues to strengthen on this end, GIGGLE as a relatively weaker altcoin has more potential for a rebound. Going forward, the key focus is whether it can hold steady at 70.57 and whether it can break through the next critical resistance level.