MERL this asset, in my personal opinion, is leaning towards a weak trend, and there are clear opportunities for shorting.

From a technical perspective, the price has repeatedly surged towards the 0.48~0.50 range, but each time it was ruthlessly suppressed by sell orders. The candlestick chart shows no signs of hesitation; instead, it indicates continuous rejection — this is not minor fluctuation but a clear signal of structural weakening. The repeated testing of key resistance levels itself indicates a problem: the upward momentum is waning, and the energy is clearly insufficient.

The current macro environment is also unfavorable. Both Bitcoin and Ethereum face short-term correction pressures, and the overall market risk appetite is declining. Under this background, weak assets are more likely to continue under pressure. From the rhythm and structure, MERL has already issued a clear bearish signal.