$JELLYJELLY USDT Perp Analysis (4h Chart)
Market Overview:
JELLYJELLY/USDT (Perp) experienced a sharp drop from $0.10400, followed by a stabilization and a recent bullish push. The current last price is $0.07644, up +6.26% (Mark Price $0.07649).
Key Price Levels (Based on Visible Swings):
Resistance: The major resistance from the prior swing is $0.10400. Local resistance is around the recent high of $0.08711.
Support: The recent major low is $0.06069, acting as a critical support.
Indicator Insight (RSI(6)):
The RSI(6) is at 62.03651, showing significant buying strength on the recent move. It's close to the overbought region (70.0).
Short-Term Sentiment:
The asset is showing a strong reversal from the lows. The next challenge is to break and hold above the local resistance cluster near $0.08711. Failure to break could lead to a minor pullback before another attempt.
#MarketPullback #TrumpTariffs #CPIWatch $JELLYJELLY
