Anyone who's been watching $MERL lately is probably feeling the same frustration as I am—a heavy feeling inside. We've touched the $0.5 threshold three times, and each time, it's bounced back like hitting a wall.

Over the past two weeks, $MERL has been trying to break upwards, but every time it reaches the $0.48-$0.52 range, sell orders start flooding in as if coordinated. If you look at the trading volume, every time we approach $0.5, there's indeed a surge, but the buy orders just aren't following! It's not that no one wants to buy; it's that everyone's hesitant at this level. The last two times we pushed up, it got slammed back down. Who would dare to stick their neck out the third time? To put it plainly, $0.5 is now a psychological barrier—few people have crossed it, most are guarding it, so of course the pressure is high.

I checked the on-chain transaction records and found that a lot of addresses start quietly selling right as the price nears $0.5—some take their 20% profit and run, others are early buyers cashing in while things look good. With this kind of “short-term speculation” mindset everywhere, any room for the price to break out is basically locked down. Honestly, $0.5 right now feels like a “vending machine”—there’s always someone selling and someone buying, but the buyers are just looking to make a quick buck. No one wants to be a “long-term shareholder,” so the ceiling holds steady.

But looking at it another way, failing to break through three times isn’t necessarily a bad thing—it at least shows that someone is seriously defending this level, and there’s been a thorough exchange of tokens. If we do break through in the future, it’ll be more solid. But for now… we have to face reality: $0.5 isn’t going to be breached easily. We’ll have to wait for sentiment to warm up and for capital to dare to come in.