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🫧 JELLYJELLY — after the pump, the market cooled down
It seems that "jelly" has solidified. After a rapid growth that yielded tens of percent, JELLYJELLY has entered a phase of calm. The price is currently holding around $0.076, and the chart shows a flat consolidation without any attempts to shoot higher.
📊 What is happening in the market
Trading remains active: the volume is around $60 million per day, but at the same time, open interest is falling — which means some players are exiting positions, and speculative interest is decreasing.
In social networks and on X, the activity around the token has noticeably declined, discussions have almost disappeared — usually this is the phase "before choosing a direction."
CoinGlass records an outflow of positions, while Coinalyze shows a decrease of 7% in open contracts over the day.
TradingView signals are neutral: the market has stabilized, RSI around 50, volumes are low.
⚠️ What is concerning
The token has previously been involved in scandals: manipulations and suspicions of an exploit have caused some platforms to temporarily suspend trading of (HyperLiquid). This has left a mark — traders are being cautious.
JELLYJELLY is currently in a pause phase — after a speculative surge, the market is digesting the recent movement. Without new catalysts, growth is unlikely to continue. It's better to keep a pulse on things and watch how the price behaves when testing the $0.07 zone — a lot will become clear from there.
I'm currently holding a short position, planning to add to it during the pump.