1/6 🚀 $MERL What’s next for Merlin Chain? $MERL is trading around $0.33-$0.40, after correcting nearly 70% from its all-time high of $1.45. But fundamentals & tech setup suggest a potential rebound ahead. Let’s break it down 👇 2/6 🔍 Fundamentals Merlin Chain is a Bitcoin Layer-2 using ZK-Rollups + fraud proofs. $MERL powers gas fees, staking, and governance. With a total supply of 2.1B tokens, it’s positioning to bring smart contracts to Bitcoin. 3/6 📈 Technical Outlook • Key support: $0.30-$0.33 • Resistance: $0.39-$0.42, breakout target $0.50-$0.70 • MACD recently flipped bullish; price trades above SMA7 & SMA30 early signs of trend reversal. 4/6 💡 Market Scenarios (3-6 months) 🟢 Bullish: Ecosystem growth + BTC strength → $0.50-$0.70 ⚪ Neutral: Sideways action → $0.30-$0.45 🔴 Bearish: Supply unlocks + weak market → $0.15-$0.30 5/6 ⚠️ Key Risks • Token unlocks may add sell pressure • Layer-2 competition is heating up • Market sentiment around BTC ecosystem remains volatile 6/6 🧭 TL-DR $MERL is one of the more promising Bitcoin L2 plays solid fundamentals, growing TVL, and a strong narrative. If it holds $0.33 support, momentum could shift upward fast. 👉 Keep an eye on volume & ecosystem updates before the next breakout. @EdgenTech