A meme token, Gigachad (GIGA), is trending in the crypto market and is currently trading at $0.0208 after recording a significant increase of 28.80% in the last 24 hours. This increase is supported by a trading volume of $6.5 million, indicating increased attention and participation.
The company has a market cap of $191.9 million and 9.60 billion GIGA coins in circulation. Gigachad is currently the most sought-after meme coin on CoinGecko. It is currently tradable on popular exchanges such as XT.COM, MEXC, and CoinEx.
As for the recent price movements, the following information about Gigachad is worth mentioning. It fell to a resistance level of $0.0222, the coin was in a bearish trend but has now recovered due to the support at $0.0196.
This bounce has brought the price to the upper end of the channel, which could indicate a channel breakout. Technical aspects are also favorable and point to an uptrend.
The Relative Strength Index (RSI) has risen from the oversold level of 30 to 60, indicating buying pressure. The MACD also offers a positive outlook as the blue line is above the orange signal line, suggesting that the bulls are in control.
Thus, Gigachad could be even more successful in the future and return to the $0.0222 level and target a target of $0.0274. If the momentum fades, the price could return to the $0.0106 support level before rising again.
The rise in the price of Gigachad and the high trading volume show the increased interest in the meme coin sector. This is because it is trending and has high trading volumes, which is why it might gain traction in the coming days.
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