2025-12-06 10:27:26

MERL/USDT on the 2-day chart is painting a pretty solid bullish picture right now. The token's been respecting that ascending trendline while staying comfortably above the Ichimoku cloud—both classic signs that the mid-term momentum is tilting upward.

After hitting resistance around the $0.40 to $0.42 zone, price naturally cooled off and is now consolidating near the $0.32–$0.33 level. This area previously acted as a breakout point, and now it's turning into a demand cushion. If buyers step in here, we could see another leg up. But if it breaks down, that trendline below becomes the next key spot to watch.

MERL0.84%

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retroactive_airdrop

· 7h ago

This Merl chart is really comfortable to look at; just standing above the cloud gives a sense of security. Still have to wait for a breakout above 0.32 before daring to go in heavy.

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ReverseFOMOguy

· 19h ago

You really need to keep a close eye on the 0.32 level. If it breaks, you need to be cautious.

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CryptoMom

· 12-06 10:57

This move by merl does look really good. If it can hold the 0.32-0.33 level, it should be solid.

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LiquidationSurvivor

· 12-06 10:57

The 0.32 support level is interesting, but I'm still more concerned about whether this upward trendline can hold... The last time there was this kind of consolidation, it ended up being a false breakout.

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bridge_anxiety

· 12-06 10:52

It feels like MERL is solid this time, the 0.32-0.33 support level is really holding strong... Now it’s just a matter of whether it can break through 0.42.

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LiquidatedTwice