๐จ Technical analysis for coin $MORPHO | 4-hour timeframe
๐น Current price: $2.10 ๐ (+13.76% in 24h)
โ It moves within a clear uptrend, with continued formation of higher highs and higher lows, confirming that buyers control the overall direction.
โ A clear breakout above previous resistance zones with accelerated positive momentum, reflecting the strength of the uptrend.
โ The $1.79 โ $1.70 zone represents the main support / demand.
โ It is moving in the overbought area (80.06), which may put pressure on the price.
๐ผ Positive scenario (upside):
If it holds steady and breaks above $2.15
๐ฏ $2.28 โ $2.46 โ $2.67$
๐ฝ Negative scenario (downside):
If it breaks below $1.92 with a 4-hour close
โ $1.79 โ $1.70 โ $1.65$
๐ Note: Any pullback toward support zones is a potential opportunity within the uptrend.
$MORPHO #Morpho
๐น Current price: $2.10 ๐ (+13.76% in 24h)
โ It moves within a clear uptrend, with continued formation of higher highs and higher lows, confirming that buyers control the overall direction.
โ A clear breakout above previous resistance zones with accelerated positive momentum, reflecting the strength of the uptrend.
โ The $1.79 โ $1.70 zone represents the main support / demand.
โ It is moving in the overbought area (80.06), which may put pressure on the price.
๐ผ Positive scenario (upside):
If it holds steady and breaks above $2.15
๐ฏ $2.28 โ $2.46 โ $2.67$
๐ฝ Negative scenario (downside):
If it breaks below $1.92 with a 4-hour close
โ $1.79 โ $1.70 โ $1.65$
๐ Note: Any pullback toward support zones is a potential opportunity within the uptrend.
$MORPHO #Morpho