JELLY – Impulsive Bounce From Key Fibonacci Demand ZoneAfter a prolonged downtrend, price has finally stabilized within the 0.5–0.618 Fibonacci retracement zone , where volatility noticeably compressed. This area acted as a clear demand cluster, suggesting sellers have exhausted momentum.
Now, JELLY is showing an impulsive rebound from this zone, signaling a potential shift in market structure and the beginning of a larger bullish leg.
If the current impulse continues, the next upside targets based on the Fibonacci extension levels are:
$0.25 – first major resistance and psychological level
$2.30 – the 1.618 Fibonacci extension, aligning with the primary breakout target
As long as price holds above the recent accumulation range, the bullish scenario remains valid.
Long
