MERL Crypto Technical Analysis

Technical Sentiment Analysis for Merlin Chain (MERL) As of 2026-02-08, Merlin Chain (MERL) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 5 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MERL stands at 23.753, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -0.0469, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 15.067 and the Commodity Channel Index (CCI) at -66.782 further confirm a -0.0166 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MERL is trading below its 60-day moving average of $0.243 and below its 200-day long-term moving average of $0.25. Key price levels to watch include the immediate resistance at $0.0681 and strong support at $0.0382. A break above $0.0681 could signal a bull continuation, while falling below $0.0382 may test the next Fibonacci floor at $0.0239.