MERL Breaks $0.58 on 4-Hour Rally as Futures-Spot Gap Reaches 45% and Bearish Funding Rate at -0.18625%

COINOTAG News, October 26, citing market data, notes that the MERL spot price breached $0.58 this morning, delivering roughly a 40% rise within a four-hour window. The move occurs amid active price discovery for mid-cap tokens, underscoring the sensitivity of MERL to short-term momentum and liquidity dynamics. Traders should recognize that rapid spot gains can accompany pullbacks in a volatile market, making disciplined risk controls essential for participants.

On the derivatives side, MERL is trading near $0.4039 on Binance Futures, with a futures-to-spot spread around 45%. The current contract funding rate is notably bearish at -0.18625%, signaling prevailing funding dynamics that may influence longer-term positioning. Investors are advised to maintain caution, monitor funding shifts, and employ robust risk management when engaging with MERL futures amid ongoing volatility.