🚨 Technical analysis of the $MORPHO currency | Daily frame

💰 Current price: 1.80$ 📈 (+4.77% in the last 24 hours)

↔️ General trend: Neutral

🔸 The price is moving within a neutral horizontal range without a clear direction, reflecting volatility and anticipation from traders.

🔸 The price is swinging between support and resistance areas without a clear decision on the direction so far.

🛡️ The area 1.05$ – 1.10$ represents an important current support, and the price is trading above it, and we may witness a temporary technical rebound from it.

⚠️ If this area is broken with a clear daily close, the decline may extend towards deeper support areas near 1.10$.

🔺 On the upside, the area 2.01$ remains the first major resistance, followed by a stronger supply area near 1.97$, and breaking either of the two major levels will determine the upcoming trend.

📊 The RSI index is moving above the level of 50 at 52.16, supporting the continuation of positive momentum.

❗️This is a technical analysis and not investment advice.