$PIGGY ‌PIGGY Exploded, Now Comes the Hard Part


PIGGY made a sharp move up and is now trading around $0.060.
The move was quick.
Volume increased.
Late buyers are now feeling emotional.
This is where patience is essential.
Let’s slow down and look at the structure.

Market Structure (1H)
PIGGY shifted from accumulation to expansion.
The price broke above the previous range near $0.033 to $0.035 with strong momentum.
That level is now a key support point.
The push toward $0.062 to $0.064 shows clear aggressive buying but also initial signs of hesitation.
The trend is bullish, but the risk of extension is high.
This is no longer an early entry zone.

Key Levels That Matter
Resistance / Supply
$0.062 to $0.064 → Local top and rejection zone
$0.070+ → Psychological and low-liquidity area

Support / Demand
$0.050 to $0.052 → First pullback support
$0.040 to $0.042 → Strong demand and trend base
$0.033 to $0.035 → Breakout origin (must hold to stay bullish)

These are reaction zones, not predictions.

Bullish Scenario (Continuation Case)
Bullish continuation only occurs if:
Price stays above $0.050
Pullbacks remain shallow and controlled
There is a clean break and hold above $0.064

If this happens, upside expansion toward $0.070 to $0.075 becomes possible.
This would indicate trend continuation, not a fresh breakout.

Bearish Scenario (Distribution Risk)
Bearish risk increases if:
Price falls below $0.050
Bounce attempts are rejected below $0.060
Volume declines after the pump

In that case, the price can fall back to $0.040 or even the $0.033 breakout base.
That would still be structurally healthy but painful for late buyers.

Final Thoughts
PIGGY is strong, but strength after a rapid move can also be risky.
This is a management zone, not a chase zone.
Smart traders wait for:
A clean pullback
Or confirmed continuation above resistance

Not emotions.
Do you think PIGGY will hold above $0.05, or does it need a deeper reset first?
PIGGY58,4%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)