$MERL
$MERL current price: ~$0.059 (snapshot price point — live data implies volatile range recently between ~$0.047–$0.064)
Short-Term Market Action
Bearish technical pressure and volatility:
Recent price action has been weak, with $MERL down sharply and far below recent highs. Technical indicators show oversold conditions, but momentum remains negative overall.
Token unlocks in December 2025 added selling pressure, contributing to short-term supply expansion and weighing on price.
Broader market sentiment in altcoins remains cautious, and MERL’s price has tracked this trend.
Bullish short-term signs:
On-chain liquidity and perpetual open interest recently climbed, driving modest rallies (e.g., a 16% surge on high liquidity inflows), showing institutional/deep-pocket participation may be growing.
Past data shows historic spikes (e.g., 121% rise linked to mainnet upgrades), suggesting volatility can be sharp during catalyst events.
Analyst Outlook Summary
Near-Term (Weeks):
Cautious to bearish bias due to supply unlocks and weak risk appetite.
Oversold indicators suggest potential for short relief bounces, but trend remains fragile without fresh catalysts.
Medium to Long-Term (Months – 2026+):
Fundamental growth narrative (Bitcoin L2 utility and ecosystem expansion) could support upside if adoption and on-chain activity increase.
Long-term holders should monitor unlock schedules and development milestones (e.g., integrations, DeFi usage growth).
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