Price Position and Structural State
Jelly-My-Jelly (JELLYJELLY) closed at 0.05657 USDT on August 29, 2026, up 1.09%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.04536 USDT, with resistance near 0.06236 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
JELLYJELLY is trading inside a zone of moving-average confluence. MA14 at 0.056546 USDT sits just below price, while MA200 at 0.056987 USDT sits just above. The compression across multiple moving averages signals range contraction rather than trend dominance. The next meaningful read comes from price separating cleanly from this cluster.
Trading Friction and Price Efficiency
JELLYJELLY shows high trading friction, with a 3-day friction score of 25.3. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.
Open Interest, Funding, and Positioning
Open interest fell -1.47% in one day and remains near the lower side of its 90-day range. This shows participation is weak and exposure is still being reduced.
Funding is positive on the 24-hour average at +0.010030%, with the 7-day average also positive at +0.006285%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 2.24, sitting near the upper side of its 90-day range at 83.82%. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
JELLYJELLY shows weak linkage to the broader crypto market (Sigloid Index). Correlation is limited, and R² indicates that index behavior explains only a small portion of its movement. This suggests price action is largely driven by asset-specific factors rather than broader market direction. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.269 | 0.207 | 0.072 | Weak linkage |
| 60D | 0.219 | 0.25 | 0.048 | Weak linkage |
| 180D | 0.155 | 0.372 | 0.024 | Weak linkage |
Momentum, Volatility, and Indicator Pressure
JELLYJELLY remains in a low-volatility setup. ATR% reads 5.82, close to the bottom of its full historical range, and Bollinger Band width% reads 10.15, close to the bottom of its full historical range. 20-day Volume Z-score is -0.83, so participation is not forcing a broader move yet.
Momentum is mixed. RSI is 49.57, ROC14 is -4.54%, and MACD histogram does not confirm a clean direction. Indicator pressure remains uneven.
The read is simple: volatility is compressed and momentum is not strong enough yet. A better signal would need range expansion with stronger volume.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. JELLYJELLY has a weak link to that market condition, so price behavior depends more on its own structure than on the broader market trend.
Key Levels for the Next State Change
For JELLYJELLY, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.06236 USDT establishes a bullish regime, while a daily close below 55-day support at 0.04536 USDT confirms a bearish regime.