2026-01-18 09:25:25

MERL taking a hit—down nearly 20% and trading at $0.212 after breaking below that $0.245 support level. The squeeze is real: December token unlocks combined with BTC rotation are draining L2 liquidity faster than expected. Technical picture looks grim too, with RSI bottoming out at 14. Key levels to watch moving forward? Either a bounce off $0.186, or if $0.245 flips to resistance, that's when things could get messy.

MERL-0,78%

BTC-2,17%

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screenshot_gains

· 01-18 09:55

merl this wave directly smashed, liquidity has been drained. Whether $0.186 can hold up depends on luck...

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MeaninglessGwei

· 01-18 09:55

merl is really done for this time, unlocking trend combined with BTC draining blood, liquidity has been drained... RSI dropping to 14 is basically bottomed out, it's painful just to watch

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RuntimeError

· 01-18 09:54

Merl has dropped again, and now there's really no way to squeeze out. Let's wait and see if it can rebound.

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CryingOldWallet

· 01-18 09:51

merl really can't hold on this time, unlocking the trend + BTC rotation directly drained the liquidity... RSI has already dropped to 14, still want to turn around? Unless 0.186 can hold, otherwise 0.245 becoming a resistance level will be the end.

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IntrovertMetaverse

· 01-18 09:41

merl now really faces a run, unlocking pressure plus BTC draining, a stagnant pool... Can 0.186 hold? It's a bit uncertain.

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ContractHunter

· 01-18 09:34

merl this time really underperformed; if 0.186 doesn't break, there's still hope. Otherwise, just wait and watch the show.

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SchrodingerWallet

· 01-18 09:26

MERL this wave directly breaks through 0.245, how to say... This unlocking wave combined with BTC draining, the liquidity really can't hold up anymore.

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