MERL is showing a powerful shift in momentum! 🚀
After spending time consolidating, MERL has delivered a strong bullish breakout, pushing toward $0.03700. What makes this move interesting is the sudden increase in trading volume across multiple timeframes.
The 4H structure has turned bullish, while the 1H and 15M charts show strong buying pressure. However, price is now extended above the Bollinger Bands, so a short-term pullback or consolidation would not be surprising. I’ll be watching whether buyers can defend the breakout zone.
🟢 Support:
$0.03500
$0.03360
$0.03220
🔴 Resistance:
$0.03699
$0.03750
$0.03850
A sustained move above $0.03700 could open the door for further upside, while losing $0.03360 may weaken the bullish structure.
$MERL
$INIT
$ARIA
After spending time consolidating, MERL has delivered a strong bullish breakout, pushing toward $0.03700. What makes this move interesting is the sudden increase in trading volume across multiple timeframes.
The 4H structure has turned bullish, while the 1H and 15M charts show strong buying pressure. However, price is now extended above the Bollinger Bands, so a short-term pullback or consolidation would not be surprising. I’ll be watching whether buyers can defend the breakout zone.
🟢 Support:
$0.03500
$0.03360
$0.03220
🔴 Resistance:
$0.03699
$0.03750
$0.03850
A sustained move above $0.03700 could open the door for further upside, while losing $0.03360 may weaken the bullish structure.
$MERL
$INIT
$ARIA
