MERL Token Defies Gravity: Merlin Chain’s Rocket Ride Sparks Crypto Frenzy

Another day, another altcoin moonshot—but this one’s got teeth. Merlin Chain’s native token isn’t just climbing, it’s vaporizing resistance levels like a DeFi degens’ margin call.

The pump no one saw coming

While TradFi analysts were busy downgrading crypto (again), MERL ripped through its previous ATH like a hot knife through institutional FUD. On-chain data shows whales accumulating—because nothing moves markets like a few well-timed 8-figure buys.

Liquidity begets liquidity

The chain’s TVL surge suggests this isn’t just speculative froth (okay, maybe 60% is). Real yield products? Check. Bitcoin-native DeFi integration? Double-check. Suddenly that ’ghost chain’ narrative looks deader than a 2022 NFT portfolio.

Cynics will call it another bull trap—but try telling that to traders booking 3x gains before lunch. Just remember: in crypto, the only thing faster than a rally is the crash... and Wall Street’s hypocrisy when they finally ape in.

MERL price technical analysis

The daily chart shows that the MERL price jumped to a high of $0.1622 on Friday, its highest level since January. This rally happened after the token formed a triple-bottom pattern at $0.0770. 

A triple-bottom comprises three down-peaks and a neckline, which in this case, was at $0.1452. It has moved above the 50-day moving average and the neckline, while the Relative Strength Index and the MACD have all pointed upwards,

The token will likely keep rising as bulls target the 50% retracement level at $0.2881, up by 94% above the current level. A drop below the support at $0.10 will invalidate the bullish outlook.