$MERL
MERL
Alpha
0.052338
+5.55%
/USDT is showing early signs of a potential trend reversal after a brutal downtrend. Price is currently around 0.0511, holding above the recent local bottom near 0.0427, suggesting selling pressure is cooling off. The 7-day MA is starting to flatten near price, indicating short-term stabilization, while volume has contracted significantly after the sell-off, often a precursor to a sharp move. Market cap stands at $57.5M with 17,662 holders, showing solid on-chain participation despite the correction. Immediate support lies at 0.042–0.045, while a reclaim of 0.060 could trigger momentum toward 0.075 and beyond. This is a high-risk, high-reward zone where patience could be rewarded if buyers step in with volume.