$MERL Recently, there have been at least three attempts to break through the key price level of $0.5, but none have been successful, showing strong technical pressure.

Each time approaching this price range, trading volume has increased, but buying has not been able to sustain, indicating that the market is cautiously optimistic about breaking through this price level.

Recently, the pullbacks in BTC and ETH have also caused overall market sentiment to become defensive, further suppressing the upward momentum of $MERL .

Additionally, on-chain data shows that multiple addresses chose to take profits when the price approached $0.5, forming a stable 'ceiling' pressure zone.

With these factors working together, the upward space for $MERL is clearly limited, making it more difficult to break through this resistance zone.

Friends who are trading this coin should be cautious.