The recent performance of MERL has been pretty rough, with bearish signals piling up.

For those trading this coin, pay close attention—MERL's performance lately has indeed been less than ideal. From a technical perspective, it has been continuously issuing bearish signals, and the downward pressure is clearly increasing.

The most obvious sign: over the past few weeks, the price has tested the $0.5 mark three times but failed to hold above it. This repeated surge and retreat pattern indicates significant selling pressure above. Bulls have tried several times to break through but have failed, which has only made the bears more confident.

If you're holding MERL at this level, the risk factor keeps climbing. It's recommended to closely watch whether the support level can hold—if it breaks through a key price point, there could be even more room for a substantial pullback.