$MORPHO
Key Resistance Zones:
$1.962 (Immediate Major Resistance): This level, marked by a peak and the initial breakdown point, represents significant overhead supply and is likely the strongest resistance the price will face in the near term.
$1.870 (Recent High): This level capped the price recently, forming a secondary resistance level.
Key Support Zones:
$1.764 (Immediate Local Support): The lowest price point recorded within the current trading range and the level from which the most recent minor bounce occurred. It acts as an initial floor.
$1.750 - $1.760 (Minor Consolidation Support): This area saw some buying interest and price stabilization following the major dump.
Overall Chart Observation:
The chart clearly shows a dominant, long-term downtrend and a bearish market structure.
