
$MERL recently experienced a sharp pullback, but the reaction from $0.01727 shows buyers are still active.
The price is trying to reclaim the middle range after touching oversold conditions.
Important levels:
Support: $0.01727
Resistance: $0.01800 then $0.01940
Holding above support keeps the recovery setup alive.
A move back above the moving average could trigger a stronger reversal.
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