$MERL saw short liquidations worth $10.5K near the 0.44 zone which shows sellers lost momentum and buyers defended this level well. Price is now stabilizing above intraday support which signals possible continuation. Market sentiment is shifting from bearish to cautiously bullish as volume slowly improves. Key support sits at 0.425 and 0.402 while resistance stands at 0.462 and 0.488. If price holds above 0.44 expect a push higher. Targets are TG1 0.462 TG2 0.488 TG3 0.525. Pro tip wait for pullback entries instead of chasing spikes.
MERLUSDT
Perp
0.42035
+7.23%
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