#CryptoMarketWatch

$JELLYJELLY ‌
📊 JellyJelly ($JELLYJELLY) | Price Analysis & Market Structure
JELLYJELLY is currently in a technical rebound phase after a deep correction.
What we’re seeing is not yet a confirmed trend reversal, but a controlled recovery driven by short-term momentum.
📈 Current Price Structure
Current price: ~0.063–0.064 USDT
Recent low: ~0.057 USDT
Reaction high: ~0.067 USDT
Short-term rebound from the low: ~15–20%
Price has broken above the descending trendline and reclaimed short-term EMAs, signaling that buyers have started to regain control — at least temporarily.
🧱 Key Support & Resistance Levels
Support Zones
0.060 USDT: Primary short-term support
0.057 USDT: Structural invalidation level (loss of this breaks the setup)
Resistance Zones
0.066–0.068 USDT: First major supply zone
0.075–0.080 USDT: Strong historical resistance and selling pressure
Until these resistance levels are clearly broken, upside moves should be treated as reaction rallies, not a full trend shift.
📐 Indicator Overview
RSI: Above 70 → overbought territory
MACD: Bullish crossover → momentum is present
Volume: Not expanding with price → caution required
This combination suggests: 👉 Price is moving up, but conviction is still weak.
🧠 Market Psychology
The current move is:
Not driven by strong FOMO
More likely a relief rally after heavy selling
A true bullish continuation would require:
Clean resistance break
Rising volume
RSI staying elevated without sharp divergence
🎯 Scenario Outlook
1️⃣ Bullish Continuation
Hold above 0.060
Break and close above 0.068
Targets: 0.075 → 0.080
2️⃣ Neutral / Pullback Scenario
Rejection near 0.066–0.068
Declining volume
Pullback toward 0.060
3️⃣ Bearish Scenario
Loss of 0.057
Current rebound structure fully invalidated
⚠️ Risk Note
A significant portion of supply is concentrated in a small number of wallets, which means:
Sudden dumps are always possible
Volatility remains structurally high
Risk management is non-negotiable
🧭 Final Thought
JELLYJELLY is currently in a transition zone:
Not fully bullish
Not decisively bearish
Markets like this reward discipline, patience, and planning, not hope or hype.
Price doesn’t move on belief —
it moves on liquidity and strategy.