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The JELLY/USDT pair has exhibited significant volatility, moving through a strong bullish breakout, a phase of accumulation, and now forming a potential continuation pattern.
The price initially surged from $0.0600 to $0.2600, confirming a highly aggressive bullish momentum before experiencing a healthy correction and consolidation.
At present, Jelly My Jelly coin is trading around $0.2060, following a structured pattern of higher lows, which suggests sustained bullish strength in the market.
If Jelly price holds above the ascending trendline near $0.2000 and breaks above $0.2400, an uptrend continuation is likely. A breakout above $0.2600 could push the price towards $0.3000 and $0.3500 in the short term.
If the token price fails to maintain support at $0.2000, the next downside target is $0.1800. A breakdown below $0.1800 could lead to a deeper retracement towards $0.1500.
The trend favors bulls as long as the price remains above the trendline. The next 24-48 hours are crucial—if buyers push the price past $0.2400, a breakout toward $0.2600+ is likely. However, a rejection could trigger a pullback to lower support levels. Traders should watch volume closely and manage risks accordingly.
