$MORPHO is currently trading at 1.484, down 7.71% in the last 24 hours. After a sharp intraday decline, price is now hovering close to the daily low at 1.478, suggesting the market is in a consolidation phase near support.
On the short-term chart, momentum remains cautious as price struggles to recover above nearby resistance. A clean move from this zone could set up a relief bounce, while failure to hold support may lead to another leg down.
Entry Zone: 1.478 – 1.495
Target 1: 1.517
Target 2: 1.538
Target 3: 1.560
Stop Loss: 1.470
If buyers reclaim the immediate resistance area with strong volume, MORPHO could push into a stronger recovery move and aim for higher upside levels.
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MORPHO
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