$MERL , the Bitcoin Layer-2 solution token Merlin Chain demonstrates strong momentum: a 17% increase in 24 hours at a price of $0.40858. RSI at 56.05 indicates a neutral-positive zone — the coin is not overbought, there is room for further upward movement without the risk of immediate correction. Volatility remains high, which is typical for altcoins in the recovery phase after recent network upgrades (ZK-Rollup improvements and integrations).
Analytics: Merlin Chain enhances the Bitcoin ecosystem by offering low fees and DeFi opportunities. Recent updates increase throughput and interoperability, attracting TVL. In a bullish market, BTC (dominance is increasing) L2 projects like MERL can capture market share. Outlook is positive: potential test of $0.45–0.50 in the coming weeks if momentum is maintained, long-term — above $0.60 with increased adoption.
Bullish scenario: Entry $MERL around $0.40–0.41 (current levels). TP1 $0.45, TP2 $0.48. SL 3% below entry (~$0.39). Bearish: Entry on bounce $MERL from $0.38, if breakdown downwards. TP $0.35, SL 4% (~$0.39–0.40).
Risk management: Use 1–2% of the deposit per trade! Move SL to breakeven at +5–10%.
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