$MERL MERL (Merlin Chain) has shown a strong bullish recovery today, surging more than 14% and reclaiming the $0.40 level with confidence. The price moved from $0.355 to $0.428 within hours, backed by solid buying pressure and strong trading volume of over $66M in the last 24 hours.
This upward momentum comes after a long consolidation phase, and the recent price action suggests that buyers have fully taken control. The sharp mid-day breakout indicates renewed interest, while the current consolidation above $0.40 shows stability rather than a temporary pump.
With $MERL delivering +170% gains over the last 90 days, the long-term trend remains bullish. The key support lies at $0.35, while resistance sits at $0.43. A breakout above this level could open the doors to $0.50 and eventually $0.60. In the bigger picture, MERL may aim to revisit its all-time high of $1.547 if the ecosystem growth continues.
Overall, Merlin Chain looks poised for further upside as traders and investors start recognizing its strong fundamentals and growing activity. MERL may just be waking up — and this could be the early stage of a fresh rally.
