In every market cycle, $merl takes action, and this time, it has found another strong partner - the Nasdaq-listed company CIMG Inc. (Nasdaq: IMG), which announced a strategic partnership with Merlin Chain to launch a $55 million Bitcoin treasury.
On the trend, the daily level bottom is continuously rising, and there has been a significant volume on the daily chart. The first wave of correction is basically around 50%, and the second wave is a sideways adjustment. This is one of the few altcoins that is no longer declining in the current altcoin market and is starting to rise gradually.
A target that is continuously working and operating in the market will perform well as long as it encounters a better liquidity environment. Next, we should focus on its correction situation; if it corrects with decreasing volume and does not break below 0.133, it will be a good entry opportunity.
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