Date: Fri, May 30, 2025 | 10:48 AM GMT
The cryptocurrency market has staged an impressive rebound this quarter, with Ethereum (ETH) leading the charge. After climbing over 43% in Q2, ETH is now trading above $2,600—a level last seen in February. This renewed bullish sentiment isn’t just limited to ETH. It’s lifting memecoins across the board, and Gigachad (GIGA) is riding the wave with force.
GIGA has surged over 65% in the last 60 days, catching the attention of traders and analysts alike. But beyond the price rally, a deeper technical pattern could hint at even more upside for this meme-powered token.
GIGA Mirrors SPX Setup
A side-by-side comparison of GIGA’s daily chart with SPX6900 (SPX) reveals a striking similarity. On the left, SPX recently completed two falling wedge patterns—a classic bullish setup—before launching into a 75% rally. Now, on the right, GIGA appears to be repeating the same formation.
Both assets formed two back-to-back falling wedges, followed by a breakout above horizontal resistance (dotted lines). In SPX’s case, this led to a powerful leg up toward $1.15. GIGA, having just broken out of its second wedge near $0.025, could be gearing up for a similar move.
If the fractal pattern holds, GIGA could see a potential rally of over 72%, targeting around $0.040 in the coming weeks.
Final Thoughts
While past performance and pattern repetition don’t ensure future results, the emerging setup on GIGA’s chart is hard to ignore. Traders may want to keep a close eye on this memecoin, especially if it holds above the $0.02368 support level.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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