$MERL setting up after long downtrend

Price was in strong downtrend but now showing signs of recovery. Support held near 0.021 and no strong selling followed. Buyers are slowly stepping in and pushing price up.

Structure is improving and price is moving back toward resistance zone around 0.029–0.030. If this level breaks, momentum can increase and move can become strong.

Right now it looks like early accumulation phase. Weak sellers already out and pressure is shifting slowly to buyers.

Key levels: Support = 0.021

Resistance = 0.029–0.030

If price breaks and holds above resistance, next move can be fast. Until then, wait for clean breakout confirmation.

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MERLUSDT

Perp

0.03535

+11.47%