Solana Memecoin Surge Threatens Hyperliquid Vault's $230M Investment
Solana Memecoin Surge: The price of the Solana-based memecoin Jelly-My-Jelly has surged over 200%, causing Hyperliquid Vault to face a potential $230 million loss due to high volatility and increased transaction volume.
Market Impact and Risks: The rapid appreciation of Jelly-My-Jelly reflects broader market dynamics, prompting industry players to reassess risk strategies amid concerns over financial and regulatory outcomes linked to erratic token behavior.
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Technical Analysis for JELLYJELLY
Technical Sentiment Analysis for Jelly-My-Jelly (JELLYJELLY) As of , Jelly-My-Jelly (JELLYJELLY) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JELLYJELLY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JELLYJELLY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Jelly-My-Jelly (JELLYJELLY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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