🚨 Technical Analysis for $MORPHO | 4-Hour Frame
🔹 Current Price: 2.18$ 📈 (+13.34% over 24h)
– It's clearly trending upwards with higher highs and higher lows, confirming buyers are in control of the overall direction.
– A clear break of previous resistance zones with accelerating positive momentum reflects the strength of the bullish trend.
– The zone 1.85$ – 1.76$ represents major support/demand.
– Currently overbought (74.49), which might put some pressure on the price.
🔼 Positive Scenario (Bullish):
If it holds and breaks above 2.22$
🎯 2.35$ – 2.54$ – 2.76$
🔽 Negative Scenario (Bearish):
If it breaks 1.98$ with a 4-hour close
❌ 1.85$ – 1.76$ – 1.70$
📌 Note: Any pullback towards support levels is a potential buying opportunity within the bullish trend.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
For exclusive crypto news and updates on other markets, follow us
@AR_cryptonews
🔹 Current Price: 2.18$ 📈 (+13.34% over 24h)
– It's clearly trending upwards with higher highs and higher lows, confirming buyers are in control of the overall direction.
– A clear break of previous resistance zones with accelerating positive momentum reflects the strength of the bullish trend.
– The zone 1.85$ – 1.76$ represents major support/demand.
– Currently overbought (74.49), which might put some pressure on the price.
🔼 Positive Scenario (Bullish):
If it holds and breaks above 2.22$
🎯 2.35$ – 2.54$ – 2.76$
🔽 Negative Scenario (Bearish):
If it breaks 1.98$ with a 4-hour close
❌ 1.85$ – 1.76$ – 1.70$
📌 Note: Any pullback towards support levels is a potential buying opportunity within the bullish trend.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
For exclusive crypto news and updates on other markets, follow us
@AR_cryptonews