Recently watching $MERL , it feels just like watching an old friend preparing to jump down a step:

The foot is lifted three times, each time reaching the edge of the step, then retracting.

$0.5 at this position feels like it has an electric fence; as soon as you get close, you get bounced back.

What's even more awkward is that the market itself has been unstable these past few days.

When BTC and ETH cough, the whole market immediately puts on masks; no one wants to run around carelessly.

At such times, do you expect MERL to raise its head and charge up? It lacks confidence itself.

Moreover, those "old hands" on-chain have a particularly consistent playbook—

As soon as the price hits 0.5, they immediately start to run, just as precise as a clock.

It makes that range feel like the ceiling has been glued, stuck tight.