2025-12-11 10:24:23

MERL these days is really heart-wrenching to watch. The 0.50 level was not held three times in a row, and it was smashed back each time. Clearly, someone above is waiting to dump, and the bears now have the upper hand.

Even worse, the trading volume is shrinking, but selling pressure is still quite heavy. The previous high and the trendline form a double ceiling. The technical indicators are also not optimistic; after the MACD death cross, the green bars are still decreasing, and the RSI has dropped below 40. From both sentiment and structural perspectives, the weakness is evident.

In such times, caution is advised. The probability of a short-term breakout is low, and it may continue to consolidate at the bottom.

MERL5,43%

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SmartContractWorker

· 2025-12-14 10:24

Damn, the 0.50 level has really been broken through, and the bears are too arrogant right now. The trading volume has also dried up, which is obviously suspicious—someone is definitely waiting to dump at the top. The MACD crossover is completely dead, and the RSI has dropped below 40. Now we just have to be patient. It'll probably take a while to bottom out, so don't expect any rebounds in the short term.

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GateUser-cff9c776

· 2025-12-13 21:48

0.50 holding is not holding, which indicates that the current selling willingness is indeed strong. From the supply and demand curve perspective, this is now a perfect textbook for bearish market philosophy. MACD dead cross, RSI falling below 40, with this combination of technical signals, the probability of a short-term breakout is indeed slim. It seems we can't escape the bottoming process. Decreasing volume coupled with increasing selling pressure, this double ceiling setup, truly resembles Van Gogh's predicament during an auction—feeling insolvent. Everyone, observe and cherish this moment. This may be the last chance for a wholesale liquidation in this round of market, though this is not financial advice.

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MEVHunter

· 2025-12-11 10:54

0.50 is really a threshold that can't be sustained. To be honest, someone is lurking in the mempool, waiting to dump and arbitrage. With shrinking volume and high selling pressure, this combination of skills is very familiar to me—lightning loans plus sandwich attacks, that's the rhythm. RSI breaks below 40, MACD forms a death cross and hasn't rebounded... bottoming out is all that's left, don't think about catching the bottom.

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MevWhisperer

· 2025-12-11 10:54

0.50 can't hold, it’s really a bit uncomfortable. This momentum looks like another drop is coming.

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ForkPrince

· 2025-12-11 10:48

0.50 This level really can't hold up, feels like the whales are waiting for us to give up --- It's another case of shrinking volume and someone dumping, tired of this routine --- MACD has already turned bearish, still want to break through? Dream on, buddy --- Just grind sideways, no rush, there's plenty of time --- The bears are too arrogant now, just waiting for a rebound opportunity --- When RSI drops below 40, I really can't understand it, who still dares to buy the dip --- The double ceiling is laughing, these are all fake setups, right

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