on my previous post
। told Was To you
How giggle token did
Analysis of the Sell Order at 67.0
In your screenshot, the sell order at the 67.0 rate is the most significant data point in the order book. Here is what it means:
1. A Large "Sell Wall"*
At the price of 67.0, there is a sell order for 10,199.391 GIGGLE.
Comparing this to other nearby prices (like only 8.102 at 67.1 or 59.574 at 66.9), this is a massive outlier.
In trading terms, this is called a "Sell Wall." It acts as a temporary ceiling because the price cannot move above 67.0 until someone (or a group of people) buys all 10,199 units.
2. Acting as Resistance
Large orders like this create a psychological and technical Resistance Level.
Traders often see such a large volume and hesitate to buy, fearing the price will bounce off this "wall" and drop back down.
3. Sell Pressure (The Percentage Bar)
If you look at the top of the order book, the bar shows 20.28% (Bid) vs. 79.72% (Ask).
This indicates that the market is currently dominated by Sell Pressure.
Roughly 80% of the active limit orders are people trying to sell, and the massive block at 67.0 is a major reason for this imbalance.
4. Possible Scenarios
Profit Taking: A "whale" (large investor) who bought at a lower price may have set this target to exit their position and take profits.
Price Suppression: Sometimes large players place these orders to prevent the price from rising too quickly, sometimes canceling them before they are actually filled.
Summary: Crossing the 67.0 mark will be a significant challenge for this coin in the short term. Unless there is a massive surge in buying volume to "eat through" that 10,199 order, the price is likely to struggle at that level.