$MERL 
/USDT 
Price Overview
Last Price: 0.21929
Mark Price: 0.20952
24h High / Low: 0.20960 – 0.14856
24h Volumes: MERL 722.90M, USDT 137.79M
Change: +36.83%
Observation: Strong bullish momentum over the last 24h, with price significantly above the short-term MA levels.
Moving Averages (MA)
MA(7): 0.18767 → current price is above, indicating strong short-term bullish trend.
MA(25): 0.16361 → current price well above, confirming medium-term uptrend.
MA(99): 0.15456 → long-term trend is bullish.
Observation: All MAs are below the current price, which indicates the market is in a strong upward trend, potentially overextended in the very short term.
Key Support & Resistance Levels
Immediate Support: 0.2095 (previous high/mark price), 0.1913 (recent MA area)
Strong Support: 0.1755 – 0.1597 (older consolidation zones)
Resistance: 0.2228 (recent swing high), 0.230 – 0.240 psychological levels
Trade Setup Suggestion
Entry Zone: 0.210 – 0.215 (if looking for a pullback entry)
Targets: 
0.225 – 0.227
0.235
0.245 – 0.250 (extension, if bullish momentum continues)
Stop Loss: 0.200 – below the recent support to limit risk
Technical Notes
Momentum: Strong; last candle pushed above the 24h high.
Risk: Price is slightly extended above MA(7), so minor pullback possible.
Volume: Significant MERL volume supports the bullish move.
Pro Tip: Watch for a retest of the 0.209 – 0.210 zone for safer entries. Avoid chasing at 0.22+ unless trading short-term momentum scalps.
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