# $MERL Short-Term Pressure, Triple Bearish Forces Overhead
## Recent Bearish Outlook, Risk Warning
$MERL The recent trend appears stable, but it actually conceals risks. The bearish atmosphere is strong in the short term, and investors are advised to remain cautious.
**First Level of Pressure: Supply Flood Approaching**
On December 19, there will be **35.65 million MERL unlocked** (accounting for 1.7% of total supply, valued at approximately 16 million USD). Market rumors suggest that the total amount of tokens released could be even larger throughout mid-December. Even if holders do not sell off immediately, the expectation of this "supply flood" has already caused buying interest to wane. Many early OTC investors have acquisition costs far below the current price, and once prices rebound, these low-cost assets may be sold off at any time, suppressing upward potential.
**Second Level of Pressure: Weak Technical Signals**
From a technical perspective, **the 4-hour RSI has reached 70.86, entering the overbought zone**. Both the 1-hour and 4-hour MACD show bearish divergence, indicating insufficient short-term momentum. The current price hovers around $0.455, with support at $0.44, but resistance is evident. More crucially, **open interest has decreased by 3.72% over 24 hours**, reflecting weakened market participation and indicating insufficient bullish confidence.
With technical overbought conditions, massive unlocks imminent, and multiple pressures stacking up, the short-term selling pressure on $MERL far exceeds buying support. The market is likely to enter a negative cycle of "selling pressure expectation → price decline." The current strategy suggests maintaining a wait-and-see approach or positioning short on rallies, waiting for clearer turning point signals before considering entry. #MERL
