$JELLYJELLY is showing renewed bullish momentum after breaking out of its multi-week consolidation range around the $0.055–$0.060 region.
Price is currently trading near $0.069 following a strong impulsive push, signaling fresh demand entering the market.
The breakout shifts short-term structure in favor of buyers, with momentum expanding toward the next higher-timeframe supply zone around $0.078–$0.080 an area that previously acted as distribution. If bulls maintain control and build acceptance above $0.065, continuation toward that upper liquidity pocket becomes technically favorable.
However, given the sharp expansion, a short-term pullback cannot be ruled out. A healthy retracement toward the $0.062–$0.065 region would still preserve the bullish structure, provided higher lows continue to form.
Failure to hold above the reclaimed range could signal a false breakout and open the door for rotation back toward $0.058.
