Morpho (MORPHO) โ 1D Update ๐
MORPHO is trading around $1.14, showing a -4.2% decline in the last 24 hours. Price faced rejection near $1.19, followed by steady selling pressure throughout the day.
๐ Key Levels
Resistance: $1.18 โ $1.20
Support: $1.12 โ $1.10
๐ก Market Insight
Despite the short-term pullback, MORPHO still maintains strong monthly (+23.6%) and yearly (+58.5%) performance, suggesting this move could be a healthy correction rather than trend reversal.
โ ๏ธ Traders should watch for support holding near $1.12. A bounce could signal continuation, while a breakdown may bring further downside.
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