Merlin Chain (MERL/IDR) Price Today

Merlin Chain (MERL) is currently trading at Rp548.57 with a market cap of Rp686.16M, exhibiting a bearish technical signal. The asset's price sits below the pivot point of Rp601, testing near-term support at Rp541. With a circulating supply of 1.2M tokens (59% of max supply) and a short average hold time of 7 days, the token shows high turnover. No major protocol updates or ecosystem news were identified in the immediate period.

The overall outlook is cautious. The bearish moving average alignment and neutral oscillators suggest consolidation with downside pressure. Key opportunities exist if support at Rp541 holds, potentially leading to a rebound toward Rp601. Major risks include the low market cap's vulnerability to volatility, lack of recent fundamental catalysts, and the token's proximity to lower support levels, which could trigger further selling if breached.