Price Watch
$MERL has failed three consecutive attempts to break through $0.5, establishing the resistance level as a structural consensus.
The price action exhibits a classic “exhaustion after spike” pattern.
All three recent rallies over the past few weeks have ended the same way—trading volume increases as the price approaches $0.5, but buying pressure fails to generate sustainable momentum. The capital structure has clearly defined $0.5 as a risk equilibrium point, with bullish sentiment steadily cooling off in this zone.
Macro sentiment lowers risk appetite, lacking momentum for a sustai