The sixth day of listing
📈 MERLUSDT Analysis - Strong Signals for the Start of a New Uptrend? 🚀
🔍 A quick look at the movement of MERL against USDT on the daily timeframe (1D) shows a notable shift in price behavior:
✅ Current Price: 0.14157 USDT
📈 24-Hour Rise Rate: +17.71%
📊 Highest Price of the Day: 0.14950
📉 Lowest Price of the Day: 0.11936
📉 Lowest Candle Bottom of the Day: 0.10885
📈 Highest Peak: 0.15600
💡 Important Points in Technical Analysis:
The last bullish candle confirms a strong rebound after a sharp decline, indicating buyers' control (bullish reversal).
Huge trading volume (320.23M MERL), supporting the validity of the movement and enhancing confidence in the continuation of momentum.
The demand zone between 0.108 and 0.119 has proven its strength as an attractive buying support level.
The price gap between the ask and bid is very small, indicating high liquidity.
📊 Trading View:
As long as the price remains above 0.1350, the short-term trend is considered positive.
Breaking through the level of 0.1495 may push the price towards retesting the peak of 0.1560, and possibly higher if momentum continues.
Keep the stop loss below 0.119 in case of a sudden reversal.
⚠️ Alert: The market is volatile and data may change quickly. Capital management is always essential.
📌 Do you think MERLUSDT is on its way to breaking the previous peak? Share your opinion 👇
#BinanceSquare #MERLUSDT #كريبتو #تداول #كريبتو #فرص_استثمارية #CryptoTrading
