Merlin Chain (MERLUSD) Price to Accelerate More

Merlin Chain (MERLUSD) Price Forecast: June 4

The Merlin Chain (MERLUSD) price is likely to accelerate more and has a good chance for long-term investors, as it approaches a significant key level and continues to gain traction toward the upper channel. Having completed the downward correction, the crypto might surge if the current support at $0.110 value holds and the daily candle closes above the $0.139 resistance level; then, there is a high probability of the price going up to its recent swing high at $0.154 resistance trend line, resulting to sustainable growth and the intraday gains for coin holders.

Key Levels:
Resistance Levels: $0.148, $0.149, $0.150
Support Levels: $0.071, $0.070, $0.069

MERL (USD) Long-term Trend: Bullish (Daily Chart)

The MERLUSD pair is to accelerate as the bulls increase their buying power and move the coin above the crucial resistance in its higher time frame.

The price is recovering and trades above the moving average line, indicating an uphill trend.

The bullish action at the $0.140 high value in the previous session has sustained the crypto above the trend line in its recent high.

Today, as a result of low bearish momentum, buyers were able to push the price of Merlin Chain to a $0.149 high level above the moving average lines as the daily session sojourns up north.

However, the crypto could accelerate more and increases are possible if the bulls can put extra effort into the price action. Thus, the bullish turnaround might surge to the $0.139 prior high mark as it experiences a remarkable surge.

Notably, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price of MERLUSD may soar to retest the previous high of $0.139 and further extend to the $0.154 upper resistance value in the coming days in its long-term outlook.

MERL (USD) Medium-term Trend: Bullish (4H Chart)

The medium-term chart of MERLUSD also suggests that the price will accelerate more as the bulls are seen clustered around the market with a bullish posture.
The increase in the momentum by the bulls at the $0.129 supply value in the last session has enabled the coin price to stay above the resistance lines in its recent high.

Today, the Merlin Chain pair looks good for buyers, correcting at the $0.142 supply value above the moving averages to resume the 4-hourly chart, encouraging long traders to invest as future gains are certain.

Thus, a possible breakout from the current retracement at the $0.142 neckline will accelerate the buying momentum and push prices to hit the $0.161 previous resistance, as it experiences a remarkable surge.

Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.161 high, the resulting rally may surpass the $0.174 level and hit the $0.180 psychological level at the upside as the MERLUSD price accelerate more in the days ahead in its medium-term perspective.

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