$MERL Technical view (Frame 4H) • Candle position: After creating a short-term bottom around the area of 0.0376 USDT, the current candle is a strong green candle, trying to regain control of the price area above 0.040. • MA line system: • The price is currently on all short and medium-term moving averages such as MA5 (0.03982), MA10 (0.03938) and larger lines such as MA60, MA120. • The fact that the price stays on the MA strip shows that the short-term uptrend is dominating. • Support/resistance area: • Support: The 0.038 - 0.039 USDT area is proving quite solid. • Resistance: The short-term goal is to break the old peak of 0.04278 USDT to pave the way for higher levels. General evaluation MERL is showing the structure of "the back bottom is higher than the front bottom" on the 4h frame. This is a positive signal for investors who are expecting the next breakthrough. If the buying force continues to maintain, MERL is likely to retest the peak area of 0.043 USDT soon. > Warning: The cryptocurrency market is always at high risk. The article is based on image data provided and not investment advice. Are you considering entering an order in this price area or waiting for a deeper correction?