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$MERL /USDT is heating up again
MERL just broke into a strong continuation phase after pulling back from the 0.58420 local high. Buyers are still fully in control, and the 1h structure is showing clean higher lows with MA5, MA10, MA30 perfectly aligned for an extended move.
Volume remains active, MACD is still above the signal line, and momentum is holding strong — this kind of setup often leads to the next leg up if supports stay intact.
Buy Zone: 0.5100 – 0.5250
Stop Loss: 0.4850
Targets:
TP1: 0.5680
TP2: 0.5950
TP3: 0.6200
If bulls maintain pressure, MERL can make another attempt at reclaiming the 0.58420 high and pushing into new price expansion.
Trend: Bullish continuation
Momentum: Strong
Watching: Break and hold above 0.5650 for the next move