$MERL always gets stuck at $0.5, this trend is so 'deliberate'
I've been watching the market for $MERL
and the more I look, the more I feel it is trapped in a range set by humans, $0.5 seems like an insurmountable barrier, no matter how hard it pushes.
If you say the market has no direction, it has several times risen to $0.49, $0.495 and looked like it was about to break through; but if you say there's upward momentum, every time it hits this high point, a large amount of selling pressure immediately comes in, directly pushing the price back down.
This trend is definitely not random; instead, it exudes a sense of 'design'.
From a technical perspective, the most obvious thing is that this suppression pattern has already been established. $0.5 has become a solid resistance level: as the price approaches, the trading volume increases, selling pressure becomes active, and buying pressure can only retreat. The whole process is like a precise machine, waiting for retail investors to impulsively place orders, and then selling back to harvest a wave.
Looking at on-chain data, you can see the underlying tricks more clearly. There is always a fixed group of addresses selling in batches at this price level, the volume is not large, but the rhythm is particularly precise. This is neither panic selling by everyone nor a market crash; it's professional investors executing fixed strategies — for them, $0.5 is just a 'switch', selling at the price and withdrawing once they've made enough profit.
Now the most critical question is: can we get past this barrier of $0.5?
If the next breakthrough can bring sufficient trading volume and hold steady for several days, then the previous three failures were actually clearing out weak hands. But if it fails again, then $0.5 will not just be a resistance level; it will become a recognized reversal point for everyone, and it could even turn into a complete false breakout trap.
Finally, everyone holding $MERL needs to figure out: what you are looking forward to now, is it that there are still good stories to tell later, or does the trend really have the ability to break through this resistance?
The answer will depend on which direction the next K-line goes.
#MERL #CryptoObservation #OnChainInsights #市场真相