$JELLYJELLY Detailed Technical Analysis

$JELLYJELLY (also known as Jelly-My-Jelly) is a meme coin project based on the Solana chain, associated with an upcoming video-sharing application (JellyJelly) that integrates social, AI, and creator tools. Since its launch in early 2025, the coin has experienced significant volatility driven by meme culture and speculation. Below is a detailed technical analysis combining real-time discussions from CoinMarketCap, CoinGecko, TradingView, and platform X. Data sourced from online searches and social signals, not investment advice, the market is extremely volatile, DYOR.

1️⃣ Price Action and Chart Patterns

• Trend: Short-term bear market (downward channel), but with signs of an ascending triangle (X signal). After plummeting from the November high, it has consolidated in the $0.07-$0.10 range. Recently, a trend line breakout failed, testing the $0.062 support.

• Support Levels: $0.062 (recent low, trend line support); $0.045-$0.038 (deep support, historical demand zone); $0.03 (extreme retracement level).

• Resistance Levels: $0.082-$0.084 (short-term selling pressure zone); $0.09-$0.10 (major resistance, historical congestion zone); $0.10-$0.175 (breakout target).