Merlin Chain vs Orderly Network — how do they compare? Merlin Chain trades at Rp309.73 (market cap Rp408,89M, Rp56,07M 24h volume), while Orderly Network trades at Rp624.52 (market cap Rp246,64M, Rp85,2M 24h volume). The key difference: Merlin Chain is the larger of the two by market cap, and Merlin Chain's circulating supply is 1,3B / 2,1B MERL (63%) versus 391,8M / 1B ORDER (40%) for Orderly Network. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 9 Days and Orderly Network for 13 Days on average.
| MERL | ORDER | |
|---|---|---|
Market Cap | Rp408,89M | Rp246,64M |
Volume (24h) | Rp56,07M | Rp85,2M |
Circulating Supply | 1,3B / 2,1B MERL (63%) | 391,8M / 1B ORDER (40%) |
Typical Hold Time | 9 Days | 13 Days |
Signals from Pluang's Aura AI — not financial advice
Merlin Chain is currently trading at Rp309.87 with a market cap of Rp408.14 million, exhibiting a bearish technical signal driven by moving averages. The token's circulating supply is 1.3 million out of a maximum 2.1 million, with a circulation rate of 63%. Key technical indicators show oversold conditions on the RSI_6 but sell signals from ADX, with immediate support at Rp299 and resistance at Rp321. No major protocol updates or ecosystem news were identified recently.
Overall outlook remains cautious due to strong bearish momentum and limited fundamental catalysts. Key opportunities include potential rebounds from oversold levels, while major risks involve low liquidity, high volatility, and the absence of recent development activity. Investors should monitor for any network updates or shifts in trading volume.
Orderly Network (ORDER) is currently trading at Rp613.55 with a market cap of Rp240.19M, exhibiting a bearish technical signal driven by moving averages. The token's circulating supply is 391.8 million out of a 1 billion max supply, with a 40% circulation rate and a short average hold time of 13 days. Technical indicators show neutral oscillators but a strong bearish trend from moving averages, with key support at Rp572 and resistance at Rp604.
Overall outlook is cautious due to bearish technicals and limited recent developments. Key opportunities include potential accumulation near support levels if network activity improves. Major risks include high volatility from low liquidity, regulatory uncertainty for crypto assets, and sensitivity to broader market sentiment given the neutral community buzz and lack of major protocol updates.
What Pluang investors did over the last 30 days
Merlin Chain is a Layer 2 solution for Bitcoin that incorporates ZK-Rollup networks, decentralized oracle networks, and fraud proofs. Its goal is to enhance Bitcoin's Layer 1 assets, protocols, and applications, fostering innovation and maximizing asset potential on Layer 2. The native token, MERL, is used for staking, which contributes to the security of the Merlin Chain.
Read more on MERL →Orderly is the infrastructure that enables people to trade anything, anywhere, through a permissionless liquidity layer. It provides deep, unified liquidity across all blockchains via a single order book. Orderly ensures strong liquidity on major chains, including Solana, Sonic, Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism, and Polygon. It offers traders and exchanges access to over 100 markets through its unified trading infrastructure.
Read more on ORDER →