$MERL 1D chart shows brutal multi-yr downtrend from '24 highs ~$1.27+ to current ~$0.1928 (-24.92% today), lower highs/lows w/ heavy pressure post-ATH fade. Sharp vol spike drop testing major support ~$0.19-0.20 zone (prior lows) — classic oversold capitulation w/ RSI deeply neutral/down, no reversal yet. Pos news: Merlin Chain BTC L2 (ZK-Rollup + EVM compat) w/ strong ecosystem (data availability, fraud proofs); ongoing staking/governance utility; whale accum hints in low range. Neg news: Massive recent dump (-25% today) likely profit-taking/unlock pressure; alt weakness; macro risks; predictions mixed w/ potential deeper to $0.15 if support breaks. Chart screams capitulation near $0.19 support — watch bounce >$0.22 for reversal play. BTC L2 gem bleeding or bottom? DYOR! #MERL
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.