Market Overview for Giggle Fund/Turkish Lira (GIGGLETRY) – December 26, 2025

Summary
• Price fluctuated between 2750 and 2875 with a bearish bias in late hours.
• Volume spiked during 19:45 and 02:30 ET with price rejection at 2875.
• RSI indicated overbought levels at peak, while MACD showed weakening bullish momentum.
• A bearish engulfing pattern formed at 2860-2780, suggesting potential continuation.

Giggle Fund/Turkish Lira (GIGGLETRY) opened at 2829.0 on December 25 at 12:00 ET, reached a high of 2875.0, dropped to a low of 2755.0, and closed at 2853.0 at 12:00 ET on December 26. Total volume was 26,263.84 and turnover amounted to approximately 72,702,660.9 Lira during the 24-hour window.

Structure & Formations

The 24-hour candlestick data displayed multiple key levels, including strong resistance near 2875 and 2860, with 2850-2855 acting as a magnet during consolidation. A bearish engulfing pattern developed during the early morning hours (04:30–04:45 ET) after a test at 2850, signaling potential bearish continuation. A doji formed around 00:15 ET, indicating indecision after a sharp drop from 2813 to 2757.

Moving Averages and Volatility

On the 5-minute chart, the 20-period MA briefly crossed above the 50-period MA during the early morning hours but quickly diverged as bears regained control. On the daily chart, the 50-period MA is above the 200-period MA, suggesting a longer-term bullish bias. Bollinger Bands expanded during the 19:45–20:30 ET session, indicating heightened volatility and price rejection above 2875.

Momentum and Indicators

RSI briefly entered overbought territory at 2875 but quickly corrected downward. MACD showed a bearish crossover during the 02:00–02:15 ET session, confirming weakening bullish momentum. The RSI and MACD diverged from price during the 03:30–05:00 ET period, suggesting potential exhaustion in the bearish move.

Volume and Turnover

Volume surged during the 19:45–20:00 ET and 02:30–02:45 ET periods, aligning with key price moves near 2875 and 2846. However, price failed to hold above 2875 during the highest volume bar, signaling bearish rejection. Turnover was consistent during consolidation phases but dipped during the late-night correction, indicating reduced participation.

Fibonacci Retracements

Fibonacci retracement levels from the key 2755–2875 swing placed 61.8% at 2819 and 38.2% at 2846. Price found support near the 38.2% level during the 04:45–05:00 ET session, suggesting temporary stabilization.

The price appears to be consolidating near 2846–2850, with a potential test of 2830 ahead. A break below 2812 may trigger further bearish momentum, while a return above 2870 could reignite bullish sentiment. Investors should monitor volume and RSI for signs of exhaustion on either side.