$JELLYJELLY – sharp rejection after a strong run, volatility elevated
Price action
$JELLYJELLY is trading around $0.0801, down -9.01% on the day
Intraday high $0.0953 | low $0.0660
What’s happening
After a strong impulsive rally, price hit heavy selling near 0.095 and reversed sharply. The long red candles and deep wick into 0.066 show aggressive profit-taking, followed by a weak bounce. Current structure shows lower highs, indicating momentum has flipped against buyers for now.
Key levels
Support: 0.078 then 0.066
Resistance: 0.084 then 0.095
Trend
Short-term bearish, post-pump correction in play.
Trade idea
If price holds above 0.078 and reclaims 0.084, a relief bounce toward 0.09 is possible.
If price loses 0.078, downside risk opens toward the 0.066 demand zone.
Main takeaway: Momentum has cooled sharply — $JELLYJELLY needs to reclaim 0.084 to avoid deeper correction.
