MERL Crypto or Merlin Chain (MERL) is back in the spotlight after doubling in price today, continuing a comeback that has been building quietly since early fall. The latest surge follows the project’s November 7 network upgrade, which improved scalability, reduced congestion and boosted ZK-Rollup efficiency across the chain.

Merlin Chain (MERL) is back in the spotlight after doubling in price today

Merlin finally punched through its ceiling. After weeks of tight, lifeless trading, the breakout ripped past the top of the range and dragged the indicators with it. RSI sits near 55, steady and rising. MACD flipped green for the first time in ages, a sign that buyers aren’t just testing the door but kicking it open.

If price holds above the old range, the path to $0.50 opens fast, with $0.65 on the table if momentum doesn’t stall.

With all that said, if MERL slips back into the red zone, the move risks becoming a fakeout, which could drag the price back toward the rising trendline near $0.24.

For now, structure leans bullish. Traders just want to see follow-through.

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But amidst the drama, Bitcoin Hyper has remained strong.