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According to the market data from Gate.io, the <a  rel="nofollow noopener noreferrer"  href="/trade/JELLYJELLY_USDT?ch=ann6872" target="_blank" class="blog_inner_link">JELLYJELLY</a> token is currently priced at $0.0152, with a 24-hour decrease of -1.64%. The current circulating market value of JELLYJELLY is $15 million, ranking 862nd in the entire market.

On the evening of March 26, the JELLYJELLY token trading pair on Hypeliquid was attacked. Users caused significant losses to the Hype treasury by selling large amounts of JELLYJELLY tokens short and withdrawing collateral. Subsequently, the Hyperliquid team announced the delisting of the JELLYJELLY trading pair and forced settlement. The community lost confidence in Hyperliquid's handling of the situation, resulting in an outflow of over $200 million after the incident.

## JELLYJELLY market analysis

### Current market overview

- Latest price: 0.015333 USDT
- 24-hour highest price: 0.016499 USDT
- 24-hour lowest price: 0.014330 USDT
- 24-hour trading volume: 1,270,137,142 JELLYJELLY
- 24-hour net outflow of funds: -682,581 USDT

### Support and resistance levels

- Support level: 0.014513 USDT
- Pressure level: 0.016193 USDT

### Technical Indicator Analysis
- Bearish signal: RSI indicator shows overbought status, suggesting a possible pullback in the short term.

## Trading Strategy Recommendations
### Strategy one: Short selling strategy in the short term

- Direction: Short
- Entry Price: 0.015300 USDT (close to the current price)
- Stop-loss price: 0.016200 USDT (breaking through the resistance level)
- Target price: 0.014500 USDT (near support level)
- Reason: The current RSI indicator shows overbought conditions, the market may experience a pullback, combined with the outflow of funds, shorting in the short term may be profitable.

### Strategy 2: Short-term long strategy

- Direction: Long
- Entry Price: 0.014600 USDT (near support level)
- Stop-loss price: 0.014400 USDT (breaking below support level)
- Target Price: 0.016000 USDT (near resistance level)
- Reason: Despite the overbought signal, the bulls dominate and the fund inflow remains high. If the price retraces to the support level, going long may see a rebound.

## JELLYJELLY Future Prospects

JELLYJELLY Token has been greatly affected by the recent attack on the Hyperliquid trading pair, causing a blow to market confidence and significant price fluctuations in the short term. However, JELLYJELLY still holds certain market value, with a current circulation market capitalization of 15 million USD. Its long-term development still depends on ecological restoration and the recovery of market confidence.

From a technical perspective, the RSI indicator shows overbought conditions, and a short-term pullback may occur. Investors should pay attention to the breakthrough of the support level at 0.0145 USDT and the resistance level at 0.0162 USDT. Short-term traders can choose suitable strategies based on fund flows and market sentiment. Looking at the long term, the sustainable development of the JELLYJELLY ecosystem and the rebuilding of user trust will be key drivers for future price rebounds. Investors need to closely monitor the progress of ecosystem adjustments and make reasonable arrangements to deal with opportunities and risks brought about by market fluctuations.

<div class="blog-details-info">
<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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What is the price of JELLYJELLY token? Where can it be traded?