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- MC:$3.6KHolders:10.00%
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$MERL is currently trading around 0.3382 after pulling back from its recent high at 0.36429. The chart shows a mild downtrend on the 1-hour timeframe as candles slowly drift below MA5 and MA10, signaling short-term weakness — but the price is still holding above its key demand zone.
Support: 0.33700
Second Support: 0.33300
Resistance: 0.34500
Next Target: 0.35500 — reclaiming MA10 and breaking above 0.34500 opens the door for this move.
MACD remains slightly bearish but flattening, suggesting the downside pressure is losing strength. Volume is low, indicating sellers are not aggressive.
$MERL is in a cool-off phase, but the structure is still intact — one strong push can shift momentum back upward
#CryptoMarketRebound
#BitcoinActivityPicksUp