Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$MERL Recent price performance has already provided clear signals.
In the past few weeks, three consecutive attempts to break through $0.5 have been met with selling pressure and pushed back, establishing a structural resistance.
Each time the price approaches higher levels, trading volume increases, but buying momentum lacks continuity, and active funds are noticeably more cautious.
Moreover, the short-term pullback of BTC and ETH has shifted market sentiment towards caution, and MERL lacks the momentum to continue upward before key resistance levels.
On-chain data also shows that many addresses are taking profits and exiting around the $0.5 range, forming a stable pressure zone that limits further price expansion.
In the short term, the risks remain significantly higher than the opportunities.