$MORPHO
/USDT is showing a clear shift in momentum after a strong bullish run that peaked near 2.09. The structure has now transitioned into a controlled pullback, with price currently sitting at 1.667, down 6.45% on the day.
The rejection from the 2.0–2.1 zone confirms a strong resistance ceiling. Since then, lower highs and steady selling pressure indicate bears are gradually taking control. The price is now hovering just above the key support zone around 1.64–1.66, which aligns closely with the 24h low at 1.664.
Volume remains significant, with over 1.24M USDT traded in the last 24 hours, suggesting this is not a weak retracement but an active redistribution phase.
If 1.64 support breaks decisively, the next downside targets open toward 1.50 and potentially 1.44. However, if bulls defend this level, a relief bounce toward 1.75–1.85 could unfold before the next major move.
This is a critical zone. The next few candles will likely decide whether MORPHO continues its bearish correction or attempts a short-term recovery.
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MORPHO
1.667
-6.45%