Merlin Chain (MERL)
Merlin Chain is a native Bitcoin Layer2 that is committed to empowering Bitcoin s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chain integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules.Merlin Chain has locked over 3.5 billion TVL within 30 days after its mainnet launch. The team behind Merlin, Bitmap Tech, is a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 âBlue Boxâ collection under Bitmap Tech has become one of the hottest assets on Ordinals.
1. MERL Basic Info
| Symbol | MERL |
| Name | Merlin Chain |
| Web Site | https://merlinchain.io/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://scan.merlinchain.io/ |
| Forum | -- |
| Mining | |
| Supply | 2100000000 |
| Available Supply | 487477570 |
| Market Cap | 61222308.0163 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 2100000000 |
| Release Date | 2024-04-19 |
2. MERL Technical Info
2.1 MERL Kline Chart Price
2.2 MERL Technical Analysis
Short-term: The price is likely to experience continued downward pressure in the immediate future. Expect volatility with potential for further declines to test recent support levels around 0.12000.
Medium-term: A period of consolidation or a minor corrective bounce might follow the initial downturn. However, the overall trend remains bearish, and any upward movement is likely to be limited by resistance levels formed during the previous declines.
Long-term: The possibility of a substantial price recovery seems less likely. There is a high possibility that a significant price drop will continue.
