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The pair $MERL continues its pronounced fall, now trading at 0.30103 USDT, which represents a loss of -37.51%. The price has clearly broken the previous support and established a new low at 0.26544 USDT. Although the 24h volume is very high (50.10M), suggesting capitulation, there is a faint technical signal of possible relief: the MACD has turned upwards (0.00160) and the 6-period RSI (56.86) shows a slight buying momentum. However, the overall trend remains bearish, and any bounce back would face strong resistance.
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