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GIGGLE has entered a correction phase after reaching 70.40. The current quote of 60.10 has broken below the MA5 moving average (60.61), indicating increased pressure on the technical front. The MACD indicator's green bars are expanding, and the RSI has fallen to a low of 31.25, reflecting significant selling pressure.
From the support level, the area around 59.45 lacks effective buying support, and there is a high possibility of testing the 58 level next. In the short term, this coin is in a weak zone, and the downside risk should be closely monitored. If no effective rebound signals appear, caution should be maintained regarding further declines.