$MERL experienced a significant $3.8557K short liquidation at $0.40944, creating a short-term spike upward. Support is estimated around $0.38–$0.40, while resistance ranges between $0.42–$0.45. If bulls can sustain above $0.42, MERL’s next potential move is toward $0.50, but any retracement may find buyers at the $0.40 zone. This coin’s activity shows that the market is actively challenging shorts while seeking a new equilibrium.

MERLUSDT

Perp

0.45585

-2.27%