Gigachad’s Surge: Can It Keep Going After Coinbase Listing?

Gigachad has taken the cryptocurrency world by storm, surging in price after being listed on Coinbase. But can this meme coin maintain its momentum, or is a correction on the way? Let’s dive into what’s driving Gigachad’s rise, what the technical indicators are saying, and what might come next in the meme coin scene.

Gigachad’s Price Surge Explained

In just 24 hours, Gigachad’s price exploded by 28%, reaching $0.05463 as of 2:45 a.m. EST. Trading volume also jumped, soaring 351% to $54.4 million. Prior to this, the price had traded sideways until around 10 a.m. EST, when it shot up from $0.04146 to $0.06555. This swift rise took place in just five minutes.

The cause? Coinbase Assets announced that Gigachad (GIGA) and Turbo (TURBO) would be added to its roadmap. As the largest US crypto exchange and a major player globally, Coinbase’s influence is undeniable. The announcement ignited a price explosion, though it wasn’t GIGA’s all-time high (ATH). The price did meet some resistance at $0.050, which led to a rejection. Still, this was a significant event for the holders.

Technical Analysis of Gigachad’s Surge

Bollinger Bands and RSI Signals

Following Coinbase’s radar appearance, Gigachad’s price soared, only to see a mild correction afterward. The crucial question now is: where to next?

The project’s Bollinger bands widened massively at the time of the announcement, but then narrowed sharply hours later. Around three hours ago, the bands began to widen again as the price pushed up. This may be linked to Bitcoin hitting its own historical milestone of breaching the $100k mark.

However, the Relative Strength Index (RSI) indicates that Gigachad could soon correct. The RSI has climbed to 70, signaling the start of the overbought zone and typically prompting traders to sell.

As the price approached $0.054, a strong resistance level formed, which rejected the price once more within the last 24 hours. Yet, with Bitcoin pulling the market higher, plus the holiday season approaching, many believe a new Christmas bull run could be imminent.

What Comes Next for Gigachad?

Bitcoin’s Market Influence

Bitcoin’s recent surge past $100k has had significant effects, pulling several altcoins along for the ride, including Gigachad. The holiday season often brings increased trading activity and a bullish atmosphere, potentially benefiting GIGA. Yet, caution is warranted as the RSI suggests overbought conditions and possible correction.

Catslap: A New Meme Coin on the Horizon?

While holding GIGA proved to be rewarding before the Coinbase announcement, many believe that a new meme coin called Catslap (SLAP) will also be listed on Coinbase soon. The project has been waiting for weeks to make a major announcement, even adding a countdown to its website. That countdown now shows less than 3 hours until the project’s reveal, likely a Coinbase listing announcement.

Speculation has been rampant, and the community has been buzzing with engagement and new holders. Catslap features a mini-game where a cat slaps various figures, generating millions of slaps and even burning tokens as milestones are reached.

The introduction of a Slap-To-Earn model drove its supply from 10 million to 188.4 million in mere days. As the price soared to $0.010, it corrected to $0.0070, but with the big announcement pending, another price surge isn’t out of the question.

In conclusion, Gigachad’s recent rise post-Coinbase has captured the crypto community’s attention. While the technical indicators suggest a potential correction, Bitcoin’s upward momentum and the holiday season’s trading frenzy could keep GIGA afloat. Furthermore, Catslap is emerging as another potential player in the meme coin arena, with speculative excitement building among investors.