MERL is holding support nicely, and with that base behind us, another leg to the upside looks possible. Momentum is still on our side — let’s see if the bulls can push this higher. Good luck! 🍀🔥

📊 AQUISUK:MERL Market Update AQUISUK:MERL is testing the 🔴 red resistance zone. If breakout occurs with confirmation, the first target will be the 🟢 green line level. 📈

A few moment later... AQUISUK:MERL 💥 Another TP4 hit for my community! ✅🔥 Honestly, why you still not follow me yet ???

AQUISUK:MERL - 6+ Month trend breakout & retest?? Price structure looks very interesting here 📈 Same as before it explode 800%+, I see a bullish retest & a possible whole bottom accumultion! Key support to be maintained to confirm the retest: 0.17200 or/and 0.16800$

🚨 AQUISUK:MERL is down 25% 🚨 My knack for spotting market tops & bottoms is a total game‑changer. TP4 hitted of course.✅

MERL is coming with a new volume, which can be confirmed in the coming time frames with a break.

MERL has formed a strong accumulation box that has acted as solid support for the past 110 days. This green zone represents a high-conviction area for DCA (Dollar-Cost Averaging) entries, ideal for building a long position. The current price structure indicates a potential parabolic move in the making. With a 300% upside target, this zone could be the final accumulation phase before a significant breakout. Key Points: Strong support zone holding for 110 days Ideal area for DCA entries marked in green Targeting 3x move from current levels Time to fill your bags slowly and patiently Accumulation precedes expansion, don't miss the move

LIKE and Follow and make sure to join my TG channel AQUISUK:MERL is poised for a potential breakout above $0.147228, supported by strong volume, bullish indicators (MACD, MA), and a Wyckoff accumulation pattern. Traders should watch for a daily close above $0.1200 for a 40%+ pump or prepare for a pullback if RSI turns overbought. Long-term, AQUISUK:MERL ’s Bitcoin L2 fundamentals and high TVL make it a compelling hold, but volatility requires strict risk management. Trade Idea: Enter long on a breakout above $0.147228 with a stop-loss at $0.1076, targeting $0.30–$0.44. For swing traders, accumulate near $0.12 for a mid-term target of $0.357896. Always DYOR and manage risk! Volume Analysis: The 24-hour trading volume of $13.52M is approximately 8 times the market cap, indicating significant buying interest and market activity. A notable high-volume green candle on November 11, 2024, suggests strong bullish momentum Fundamental Context Merlin Chain Overview: AQUISUK:MERL is the native token of Merlin Chain, a Bitcoin Layer 2 solution using ZK-Rollups, decentralized oracles, and on-chain fraud-proof modules to enhance Bitcoin’s scalability and functionality. Market Drivers: Strong fundamentals tied to Bitcoin’s ecosystem, with support for protocols like BRC-20, BRC-420, and others. Recent Binance derivatives launch and airdrop campaigns (e.g., Merlin’s Seal) have boosted liquidity and interest. High total value locked (TVL) and partnerships with projects like BitcoinOS and NuBit for ZK-Rollup advancements. Social Sentiment on X: Posts on X reflect strong bullish sentiment, with some analysts predicting a +40% to +70% pump if AQUISUK:MERL breaks above $0.1200 on a daily close. Others note a 282% short-term target and a 535% bullish wave potential, citing high volume and bullish chart patterns like a Wyckoff accumulation phase and ascending patterns.

Overall, PA has been building up nicely on the daily TF with a clean Wyckoff range building. In phase D we’re seeing increased volume on up bars with larger spreads than the pullback candles. Market could be ready to move into Phase E (markup) after the SOS and pullback. The pullback is sitting nicely on the range top, range 50% level and FVG of Thursdays 22/5 candle. Daily swings 1 bar and weekly 1bar/2bar swings are up. Could enter now for more aggressive play as 25 May daily high is broken indicating continuation of trend with SL under the low. However, have to be careful as BTC is primed for a potential pullback to around 98-100k~

Description: This trading idea focuses on MERL, a promising cryptocurrency that powers the Merlin AI platform—an innovative project blending artificial intelligence with decentralized finance (DeFi). MERL plays a central role in enabling AI-based trading strategies, analytics, and user-friendly DeFi tools. As demand grows for smarter, automated blockchain solutions, Merlin AI aims to streamline complex DeFi operations for everyday users and institutional investors alike. Its unique positioning in the AI x DeFi narrative, combined with active development and a growing community, strengthens MERL’s long-term potential. Still, investors must remain cautious, as the crypto space is highly volatile and influenced by factors such as market sentiment, regulatory developments, and emerging competition. MERL's future performance will depend on user adoption, continued innovation, and overall market conditions. Disclaimer: This trading idea is provided for educational purposes only and should not be considered financial advice. Investing in cryptocurrencies like MERL involves substantial risk and may result in the loss of your entire investment. Always perform your own due diligence, assess your financial situation carefully, and consult a professional advisor before making any financial decisions. Past performance is not indicative of future results.