📈 $MERL is trying to show signs of life again after months of heavy downside pressure 👀⚡ Merlin Chain has been one of the hardest-hit Layer-2 plays this cycle, but recent price action suggests buyers are finally attempting a short-term recovery bounce. Currently trading around $0.0279, MERL is up nearly 7% today, with momentum and volume starting to improve after defending local lows 📊🔥 Why some traders are starting to keep MERL on watchlists again 👇 ✅ Strong bounce from recent bottom zone ✅ Volume picking up during green sessions ✅ Layer-2 narrative still active in market ✅ Upcoming PoS transition could improve sentiment ✅ Early signs of short-term accumulation Technically, the chart still remains risky on higher timeframes ⚠️ MERL is still deep inside a broader downtrend after suffering a massive long-term correction, but the recent structure is beginning to look slightly healthier compared to previous weeks. Price is attempting to reclaim short-term moving averages while forming a possible local base near the recent lows 📈 📊 Key levels traders are watching now: • Bulls need to defend the $0.026 – $0.027 zone 🛡️ • A breakout above $0.031 could trigger stronger recovery momentum 🚀 • Losing support again could send price back toward recent lows quickly One important thing traders are still watching closely is token unlock pressure 👀 Large unlock schedules continue creating supply-side risk, which is one of the biggest reasons many traders remain cautious despite short-term pumps. Current vibe? Still a high-risk recovery setup — but momentum is improving and the chart finally looks more active after a long period of weakness 🔥📊 #MERL #MerlinChain #Crypto #Altcoins #Trading