$MORPHO Currently its price is at $1.748.
In the last 24 hours it has risen by +0.54%.
It’s struggling to stay above, but little by little its head is starting to show. Buying pressure is still active, which tells us the movement hasn’t died.
On the downside:
Support (the floor) is in the $1.7391 zone. As long as the price stays above it, we’re good.
On the upside:
Resistance (the ceiling) is in the $1.7640 area. We need to break through that resistance strongly to open room above and move up to test the $1.8136. And resume the movement.
The risk:
If the price fails to break the ceiling, we need to watch that it doesn’t fall through support and send us into a drop. It’s true that the asset is trying to recover the structure, but don’t get careless—buying volume can tire out and we’d go back down.
In the last 24 hours it has risen by +0.54%.
It’s struggling to stay above, but little by little its head is starting to show. Buying pressure is still active, which tells us the movement hasn’t died.
On the downside:
Support (the floor) is in the $1.7391 zone. As long as the price stays above it, we’re good.
On the upside:
Resistance (the ceiling) is in the $1.7640 area. We need to break through that resistance strongly to open room above and move up to test the $1.8136. And resume the movement.
The risk:
If the price fails to break the ceiling, we need to watch that it doesn’t fall through support and send us into a drop. It’s true that the asset is trying to recover the structure, but don’t get careless—buying volume can tire out and we’d go back down.