The 15-minute chart for the JellyJelly/USD pair exhibits the crypto achieved a modest restoration of two.97% after a protracted interval of decline. Beforehand, the asset skilled a pointy bullish rally, reaching a excessive of roughly $0.09576.
Nevertheless, this rally was unsustainable, and the JELLYJELLY worth has entered a bearish pattern, forming a descending channel that displays persistent promoting strain. The worth has now examined the important thing assist degree at $0.071 a number of instances, establishing it as a important zone that merchants are watching intently.
JELLYJELLYUSD Evaluation Supply: Dextools.io
The 50-period Easy Shifting Common (SMA), at present at $0.08962, sits effectively above the value, appearing as an lively resistance and reinforcing the bearish short-term outlook. Regardless of this, there are early indicators of potential bullish momentum.
The Shifting Common Convergence Divergence (MACD) indicator exhibits the MACD line at -0.0062, barely converging with the sign line at -0.0061. This implies that the bearish momentum could also be weakening. Moreover, the Relative Power Index (RSI) is at 40.55, indicating that the asset is within the decrease impartial vary. Whereas not but oversold, this RSI degree alerts that promoting strain might quickly subside, paving the way in which for patrons to step in.
If the assist at $0.071 holds, the value might stage a rebound, concentrating on the higher boundary of the descending channel and probably the $0.08962 resistance degree (aligned with the 50-period SMA). A breakout above this resistance would sign a pattern reversal and certain appeal to further shopping for curiosity.
Nevertheless, if the value breaks beneath the $0.071 assist, it might set off additional draw back, with the following potential assist zone close to $0.06138. Merchants ought to monitor quantity ranges and look forward to bullish affirmation alerts, resembling a breakout above the descending channel or a decisive RSI restoration, to capitalize on any rebound alternative.
Solana Layer-2 Presale Zooms Towards $17M – Subsequent Crypto To Explode?
Jelly-My-Jelly merchants are optimistic a few potential bullish rally. In the meantime, traders are flocking to Solaxy (SOLX), a brand new Solana-based meme coin and the primary layer-2 answer for the Solana community that has, to this point, raised over $16.6 million throughout its presale.
Solaxy goals to deal with Solana’s congestion issues by utilizing its personal sidechain and superior scaling applied sciences. Working alongside the Solana mainnet, it should present the extra computational energy wanted to deal with the anticipated surge in exercise through the upcoming meme coin supercycle.
By enhancing Solana’s infrastructure, Solaxy will considerably enhance the community’s transaction capability whereas additional decreasing its already low transaction charges.
Solaxy Presale Reaches $15M as New ETFs to Trigger a Bull Run? https://t.co/vaXeR37jcx https://t.co/vaXeR37jcx pic.twitter.com/oUjmqTdGpJ
— Bikrram Basaak (@CryptoBikram) January 28, 2025
The challenge additionally helps each Ethereum (ETH) and Solana (SOL), enabling clean cross-chain transactions. As the primary layer-2 answer for Solana, it combines superior expertise with the hype of a meme coin.
By combining Solana’s pace with Ethereum’s safety and liquidity, SOLX might revolutionize decentralized finance (DeFi). There’s additionally a horny staking initiative providing a 240% APY to presale individuals that is perhaps pulling traders in.
The 99Bitcoins YouTube channel, with over 722K subscribers, classifies SOLX among the many greatest three meme cash that might see their costs improve by 100x after launch.
At present, SOLX is priced at $0.00162 and may be bought via the widget embedded on the challenge’s web site. Funds may be made in BNB, ETH, USDT, or financial institution playing cards
Purchase SOLX tokens right here earlier than a presale worth hike in 18 hours to lock in the very best deal.
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