📉📈 #Morpho : Yesterday we anticipated it, today the correction is confirmed (Analysis 18/02)
Current price: $1.429
24h range: $1.36 – $1.51
Source: CoinMarketCap / Cointelegraph
Yesterday we warned in this very blog that MORPHO was testing the key resistance of $1.50 (200-day EMA) and that if it did not surpass it with volume, a correction towards the $1.44 – $1.36 zone was likely. Today the market proves us right.
📊 What's happening now
The price fell to $1.427, exactly within the expected range. This is not a sign of structural weakness, but a natural profit-taking after the weekend rally driven by a GIGANTIC news: the financial giant Apollo Global Management (USD 940 billion in assets) signed an agreement to purchase up to 90 million MORPHO tokens in the next 4 years (almost 9% of the total supply).
🎯 Key levels to watch today
Strong support: $1.36 (24h low)
Immediate resistance: $1.45 – $1.46
Bullish target (this week): $1.59
As we anticipated yesterday, those who waited are seeing a cheaper entry opportunity. Patience pays off.
🚀 And now what?
If the price respects the support of $1.36, we could see a bounce towards $1.45 in the coming hours. A close above $1.50 would be the bullish confirmation to look for $1.59.
💬 Do you agree with the analysis?
Leave your comment, follow the profile for more live updates, and if this analysis was helpful to you, a tip is always welcome 🙌
#MORPHOUSDT #BinanceSquareFamily
Current price: $1.429
24h range: $1.36 – $1.51
Source: CoinMarketCap / Cointelegraph
Yesterday we warned in this very blog that MORPHO was testing the key resistance of $1.50 (200-day EMA) and that if it did not surpass it with volume, a correction towards the $1.44 – $1.36 zone was likely. Today the market proves us right.
📊 What's happening now
The price fell to $1.427, exactly within the expected range. This is not a sign of structural weakness, but a natural profit-taking after the weekend rally driven by a GIGANTIC news: the financial giant Apollo Global Management (USD 940 billion in assets) signed an agreement to purchase up to 90 million MORPHO tokens in the next 4 years (almost 9% of the total supply).
🎯 Key levels to watch today
Strong support: $1.36 (24h low)
Immediate resistance: $1.45 – $1.46
Bullish target (this week): $1.59
As we anticipated yesterday, those who waited are seeing a cheaper entry opportunity. Patience pays off.
🚀 And now what?
If the price respects the support of $1.36, we could see a bounce towards $1.45 in the coming hours. A close above $1.50 would be the bullish confirmation to look for $1.59.
💬 Do you agree with the analysis?
Leave your comment, follow the profile for more live updates, and if this analysis was helpful to you, a tip is always welcome 🙌
#MORPHOUSDT #BinanceSquareFamily