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.

Source: Coinmarketcap

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.

Gigachad (GIGA) Coin/Coinsprobe (Source: Tradingview)

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.

With the broader crypto market in full rally mode and GIGA shaping up as one of the cleanest harmonic setups among memecoins, the path higher remains favorable in the short term — at least until it approaches its PRZ target.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.