MERL has formed a clear bottom accumulation pattern after experiencing an extreme decline. On the technical indicators, RSI has entered the severely oversold zone, which often signals an upcoming rebound opportunity. Market sentiment is extremely pessimistic, providing a window for smart money to enter. If it can hold above the key support level, a subsequent rebound to the 0.31 level is not impossible. Currently, this is a stage where patience is needed, waiting for dips to accumulate.
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ApeWithAPlan
· 11h ago
Bottom accumulation? RSI oversold? Both sound plausible, but I’m a bit skeptical about whether it can really rebound this time.
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ClassicDumpster
· 17h ago
Bottom accumulation? Ha, I've heard that phrase too many times, and yet we're still just throwing money in.
RSI oversold means a rebound is coming? Wake up, everyone. Those who are trapped in losses are thinking the same.
0.31? Dream on. First, see if we can hold onto 0.15 before talking about that.
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WhaleWatcher
· 01-11 04:50
Bottom accumulation is indeed a signal, but the key is whether it can hold the support level.
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ThatsNotARugPull
· 01-11 04:50
Bottom accumulation? RSI oversold? Buddy, I'm tired of hearing this spiel. Every time you say that, what's the result...
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MidnightGenesis
· 01-11 04:44
On-chain data shows that the MERL contract has not experienced any abnormal deployments in the past two days, but the RSI has indeed dropped dramatically... The interesting part is that large wallet addresses seem to be making small moves at the bottom, as expected.
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TopBuyerBottomSeller
· 01-11 04:42
Here comes the usual pump and dump, expecting a rebound when RSI is oversold? Bro, last time you said that, MERL directly collapsed.
I've heard "bottom accumulation" too many times, and each time it turned into a new high.
That 0.31 line is just theoretical talk; when real trouble hits, no one can save it.
Dipping to buy? Or should we wait and see? This coin is too unruly.
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FancyResearchLab
· 01-11 04:42
Another RSI oversold story, theoretically feasible, but we all know the market sometimes just likes to play reverse tactics.
Hold the support? Luban No.7 is under construction again. This time, can it lock itself inside? Let's see.
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NotFinancialAdvice
· 01-11 04:39
Bottom accumulation? RSI oversold? Nice words, I just want to know if this wave can really rebound to 0.31...
MERL has formed a clear bottom accumulation pattern after experiencing an extreme decline. On the technical indicators, RSI has entered the severely oversold zone, which often signals an upcoming rebound opportunity. Market sentiment is extremely pessimistic, providing a window for smart money to enter. If it can hold above the key support level, a subsequent rebound to the 0.31 level is not impossible. Currently, this is a stage where patience is needed, waiting for dips to accumulate.