MERL (MERL / USDT) — funding, open interest and structure
Structure break (−11.0% over 24h), but volume is extremely thin — the moves cannot be trusted. A short lean, the scenario is developing.
Key numbers
- Price
- $0.0305
- 24h change
- -10.99%
- 24h volume
- $10.22M
- 24h high
- $0.0348
- 24h low
- $0.0296
- Market cap
- $45.90M
- Sector
- Layer 2
- Funding rate
- +0.005%
- Open interest
- $2.29M
- OI change, 24h
- -27.90%
- OI trend
- falling
- RSI (1h)
- 37
- ATR / price (1h)
- 2.90%
- Volume vs average
- 0.24x
What is happening
Price broke a key prior extreme — the earlier sequence of highs and lows is broken, the local character has changed.
- Status
- Active
- Stage
- Maturing
Facts
- Price below VWAP·5d (−4%)
- RSI 37
- MACD weakening
- OI falling (−10% over 4h)
- Funding +0.005%
- Volume ×0.2 vs the 20-candle average
What each number means
Funding rateneutral
Funding +0.005%: neither longs nor shorts dominate, no overheating.
Open interestOI shrinking on a drop
The drop comes with shrinking OI (−10.5% over 4h): positions are being closed, not built. OI is accelerating.
RSIin range
RSI 37: neither overbought nor oversold — momentum is balanced.
EMA stackuptrend
Price is above EMA200 and the averages are stacked bullish (20>50>200) — a steady uptrend. But EMA20 is slowing / crossing down — the trend is losing steam.
MACDmomentum fading
The MACD histogram is falling — momentum is fading.
Volatility (ATR)volatility normal
Normal volatility (ATR 2.9%/h). Volatility is expanding — bigger moves, longer wicks.
Cumulative volume deltaflow flat
CVD is flat: neither buyer nor seller dominates the flow.
Recent moveno pump
No active pump — the coin is in its normal regime.
Volumevolume drying up
Volume is drying up (0.2× the 20-candle average): interest is fading — the move has no support.
Candlestick patternsbearish pattern
Pattern "threeBlackCrows" (1h) (85%): the figure favors sellers. Stronger if the next candle confirms it.
Support and resistancebetween levels
Nearest levels: resistance $0.03097 (+1.4%) (3 touches), support $0.03002 (−1.7%) (2 touches).
Levels and structure
- Range high / low (last ~5h, 20 × 15m bars)
- $0.0326 · $0.0297
- Resistance
- $0.0310 · $0.0313 · $0.0328
- Support
- $0.0300 · $0.0297 · $0.0295
Range and holding cost
We do not have enough complete days for MERL yet. The window fills as candles accumulate.
What the terminal adds
Order flow (CVD and taker split), the full order book with a depth map, price magnets, AI scenarios and Guardian on the coins you are trading — inside Sonarcast.