2025-12-07 17:27:15

MERL has been repeatedly struggling around the $0.5 mark, failing to break through after three consecutive attempts. Every time the price approaches this level, trading volume appears to increase on the surface, but the buying power is always short-lived and quickly fades away. Judging from the market performance, this resistance is indeed stubborn.

What's more troublesome is the lackluster overall market sentiment. The pullbacks in BTC and ETH have dragged down the mood, causing risk appetite across the sector to shrink. It's not easy for MERL to stand out on its own. The technical resistance, combined with macroeconomic weakness, makes it difficult to break this stalemate in the short term.

MERL-2.09%

BTC2.3%

ETH6.86%

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TerraNeverForget

· 12-09 06:47

Stuck at 0.5 again, I really can't figure it out this time. I was thinking about buying the dip yesterday, now I'm kind of regretting it. With the market this weak, how could small coins possibly have their own trend... speechless.

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ForkThisDAO

· 12-09 02:10

The $0.5 level is really sticky, it's been three times and still hasn't broken through. As soon as there's some buying, it runs away, it's like it's made of paper. It's being dragged down by the broader market, right? When BTC sneezes, everything catches a cold. MERL dreaming of a breakout against the trend is wishful thinking. This stalemate can't be broken in the short term, let's just wait and see.

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GasFeeNightmare

· 12-07 17:57

Three attempts and still couldn't break 0.5. I'm betting this round will fail too... Last night when gas was 15 gwei, I studied the candlesticks for ages, but still didn't dare to get in. With the market so weak, no matter what MERL does, it just can't take off. I don't even dare to try cross-chain anymore, afraid of going bankrupt. The hype is gone, buy orders get eaten up instantly. Forget it, I'm going to sleep. I'll wait for BTC to rebound and check again. It's the same painful deadlock, losing whether I buy or sell. My late-night arbitrage dreams shattered, I'll keep waiting for opportunities tomorrow. This resistance level is like a ghost wall—just can't break through. Honestly, I've already given up. MERL has no hope in the short term.

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GateUser-a606bf0c

· 12-07 17:57

Damn, stuck at 0.5 again? How many times has this happened already? The buy side just isn't cooperating. Really can't do anything about the market dragging us down, if BTC slumps, everything is screwed. Three consecutive tests and still didn't break through, there's really not much hope in the short term. Honestly, it's getting a bit frustrating, the resistance is so tough—when will we finally break through?

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NFT_Therapy

· 12-07 17:57

The 0.5 level is really stuck; every time I almost remember it, but then it gets pushed back again... It's been three times now. The buy orders are like illusions—completely insubstantial. BTC's downtrend is too fierce, the whole market is in low spirits, how could MERL possibly escape? In the short term, it looks pretty risky. Let's wait for the overall environment to recover. Feels like it'll be sideways until who knows when...

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Token_Sherpa

· 12-07 17:49

ngl, this looks like classic liquidity trap energy. three failed attempts at 0.5? that's not price discovery, that's just algo order books playing ping pong. volume spikes without follow-through always scream the same thing—weak hands doing their thing before they vanish.

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MevShadowranger

· 12-07 17:31

0.5 is just a paper tiger, keeps getting tested but can't break through, which means no one really wants to push it up. What is the market dragging down anyway? MERL doesn't have much of a story itself. Let's wait and see, anyway, don't expect much in the short term.

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