Date: Fri, July 18, 2025 | 07:41 AM GMT
The cryptocurrency market has hit a historic milestone, crossing the $4 trillion market cap mark for the first time ever. Ethereum (ETH) continues to lead the bullish wave, gaining 20% this week and trading near $3,650. This strong momentum is spilling into major memecoins, with Gigachad (GIGA) becoming one to watch.
GIGA has surged 24% over the last day, pushing its 90-day rally to 49%. But beyond its short-term performance, traders are closely watching a developing harmonic pattern on the charts — a signal that could hint at further upside in the days ahead.
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, GIGA is tracing out a Bearish ABCD harmonic pattern. Despite the “bearish” name, the CD leg of this setup typically represents a bullish continuation phase, with price pushing higher until the pattern reaches its final target.
This pattern started at point A around $0.008447 and rallied to point B near $0.032930. Following a corrective pullback to point C at $0.014530 in early July, GIGA has since entered a fresh uptrend. It currently trades around $0.02424, advancing along the CD leg while approaching a key technical barrier — the 200-day moving average near $0.02960.
If the harmonic projection completes, the 1.33 Fibonacci extension of the BC leg suggests a potential move toward $0.039013. This target aligns with the AB leg’s length and marks the Potential Reversal Zone (PRZ), where profit-taking could emerge.
What’s Next for GIGA?
If GIGA can break above the 200-day moving average and sustain momentum, it could climb another 58% from current levels before hitting the PRZ around $0.039. However, maintaining support above the 100-day moving average will be crucial to keep this bullish outlook intact.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.