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$MERL Alert: Multiple bearish factors have combined, and the market structure has completely shifted to the bearish side!

$MERL Recent trends are extremely dangerous: technical factors, supply-side pressures, and actions from large holders are forming a perfect storm, with deep downward risks rapidly amplifying.

Three key risks:

Price ceiling formed: Three attempts to break $0.50 have all failed, with each approach encountering massive selling pressure, indicating that $0.50 has become a strong structural resistance level. Buying power is weak, and short-term breakout hopes are dim.

Huge supply-side pressure: On December 12/15/16/19, four key dates will see the release of about 70 million $MERL in OTC unlock volume! This is not only real selling pressure but more importantly, the “anticipated selling pressure” will severely suppress market liquidity and the willingness to buy.

Large holders “front-running” cashing out: Today, a large holder's address has transferred 16 million $MERL to Bybit exchange in advance. This is likely to avoid liquidity congestion and slippage before the peak unlocking period arrives, preparing for a sell-off.

When technical pressures, massive unlocking expectations, and actual large holder sell-off preparations occur simultaneously, market supply and demand imbalance has reached a critical point. Buying sentiment is weak, and potential selling pressure is off the charts. Beware of $MERL falling into a chain reaction of “selling pressure → decline → panic plunge.”

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Conclusion: The probability of a rebound for $MERL in the short term is extremely low, with risks far outweighing opportunities. It is advised to remain extremely cautious!