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
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