2026-01-17 00:20:29

JELLY is currently tracing out a falling wedge pattern around the $0.06968 level. The setup looks interesting if you're tracking the technical action—there's potential for a decisive breakout here. Traders are watching whether momentum can push this towards the $0.12 zone if buying pressure sustains. The wedge compression suggests we're approaching a key inflection point where conviction either builds or fades. Worth keeping on your radar if you follow these kind of chart setups on JELLYUSDT.

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GasSavingMaster

· 1h ago

I don't really trust the support level at 0.06968; it looks like a trap to lure more buyers.

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FantasyGuardian

· 5h ago

Hmm... Can this wedge break out? It seems like we need to look at the subsequent volume.

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OPsychology

· 5h ago

The thing about wedge compression is often overestimated. Let's first see if we can really break through 0.12.

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AirdropGrandpa

· 5h ago

Jelly's wedge compression is really extreme, and 0.12 still feels a bit far... Whether it can really push up depends on whether real money is entering the market.

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OnChain_Detective

· 5h ago

ngl the wedge compression here has me running flags... let me pull the data on JELLY's wallet clustering before anyone gets too bullish on that $0.12 target. typical setup for conviction fade imo

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