2025-12-11 06:33:52

Can $MERL's rebound be trusted? I'm afraid the 0.2 level is the real life-and-death line.

Just looking at the market chart makes it clear: the price is hovering in a high range, trading volume is piling up but unable to break through resistance levels, which is a classic sign of bullish exhaustion. Even more concerning is that the moving average system has fully turned bearish, with short, medium, and long-term moving averages pressing down firmly. Looking upward, all the chips are trapped in a range waiting for a chance to offload, and under this pressure, the main force can't even push it up.

A few bullish candles won't change the trend; the technicals are laid out—until $0.2 is broken, any rebound is just a dead cat bounce among bears.

MERL1.37%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

24 Likes

Reward
24
9
Repost
Share

Comment

0/400

SelfCustodyIssues

· 12-13 22:38

Uh, is 0.2 really that sacred? Feels like every time this is the excuse. --- Can the trading volume stack so high but still not break through? The main force has really given up. --- Another moving average suppression, plus being trapped by chips, it's getting annoying. Might as well just bet on the direction. --- Honestly, every rebound has died here. If 0.2 really breaks through, I’ll believe it. --- This time is different, the big players are definitely holding back a big move... right? --- According to this logic, rebounds are always fake, so why trade at all, haha. --- I'm tired of hearing about the short-term relay; I just want to know when a real breakout will happen. --- Honestly, no one dares to take over, retail investors are all watching on the sidelines. --- If 0.2 doesn't break, everything else is pointless. Is this the consensus, everyone?

View OriginalReply0

potentially_notable