1. Price structure collapses: three impacts declare that the main capital is powerless to recover

  1. Fatal resistance locked: $0.5 trap
    In the past few weeks, MERL has launched athree invalid charges, which has thoroughly exposed the weakness of the bulls. This is not just simple 'technical pressure', butthe main capital has completely abandoned this price levelclear signal! Every approach to $0.5 is just providinga fantastic entry point for the bears. Although the trading volume has increased, the rapidly shrinking buying pressure indicates that the buyers have exhausted, and the market does not believe this price can hold.

  2. Market wind direction changes:MERL Wood is hard to support, and the value bottom turns into a 'value trap'
    Against the backdrop of mainstream coins like BTC and ETH starting to pull back, MERL has failed to show any resilience and has instead becomea vent for panic emotions. It lacks any sustained intrinsic momentum and cannot gaintrend continuation. Now, it is no longer a 'potential stock', but rathera fragile target waiting to be dragged into the abyss by the market.

  3. On-chain capital flight: this is a slaughterhouse for high-level arbitrage
    On-chain data clearly reveals that MERL's momentum comes fromthe rotation of short-term funds for speculation and arbitrage. Whenever the price approaches $0.5, a large number of addresses ruthlessly engage inmassive profit-taking. These smart money have long determined that $0.5 is the short-term top, and they areselling to the last batch of latecomers. This is not stable accumulation; it is a brutalchip distribution, the ceiling pressure band has already solidified,selling pressure will continue to drown buying interest.

📉 Conclusion: The only choice - short selling! MERL is inevitable, the target price will be halved directly!

The technical structure of MERL at the dollar level has completely collapsed, and market sentiment, major fund behavior, and on-chain data all point to a consistent conclusion: a comprehensive bearish trend!

Do not believe in any illusions of 'support'. In the current market atmosphere, new cryptocurrencies lacking core support and narrative will trigger a death spiral of stop-losses once they break through key psychological barriers.

Our judgment is: MERL has been locked! Activate your short position immediately! We expect $MERL to rapidly drop to $0.25 or even lower, get ready to embrace the explosive profits brought by this wave of shorts!