$MORPHO is currently trading around 1.628, up approximately +6.06% in the last 24 hours. Price pushed aggressively toward 1.653 before facing mild rejection and entering short-term consolidation.
On the intraday structure, we can see a clear higher-low formation from the 1.559 region, followed by a strong bullish impulse. The recent pullback appears controlled rather than aggressive, suggesting buyers are still active above the 1.616–1.620 support zone.
If price holds above this structure and reclaims 1.640 with volume, continuation toward fresh intraday highs becomes likely.
Key Levels Observed
Immediate Support: 1.616 – 1.600
Resistance: 1.653
Breakout Level: Clean close above 1.653
Trade Setup
• Entry Zone: 1.620 – 1.635
• Target 1: 1.653
• Target 2: 1.680
• Target 3: 1.720
• Stop Loss: 1.598
A confirmed breakout above 1.653 with sustained volume could trigger momentum expansion toward the 1.68–1.72 region.
However, losing 1.600 support would weaken the bullish structure and open room for a deeper retracement toward 1.575.
#BTCMiningDifficultyIncrease #ZAMAPreTGESale
