$MORPHO (15-Minute Chart) Technical Analysis

MORPHOUSDT is currently trading around 2.014, showing signs of a controlled pullback after a strong bullish rally that pushed the price up to 2.068. The overall structure remains bullish, with clear higher highs and higher lows visible on the chart.

After a steady climb from the 1.84 zone, price has paused near 2.01, indicating temporary profit-taking. The 1.9540 – 1.9600 zone is now acting as a key intraday support area. This level aligns with previous structure lows and could serve as a strong base for buyers to regain momentum.

If the price respects this support and forms bullish candles with rising volume, we can expect a continuation toward the 2.065 – 2.10 range. This zone also holds resting liquidity from the last rejection candle, so a clean breakout above 2.068 may trigger a new wave of long entries.

However, if sellers manage to break below 1.9540, the structure may temporarily shift bearish. In that case, price could slide toward 1.91, which sits near the next demand zone.

At this point, traders should stay patient and let the market show clear confirmation before entering. The 15-minute chart is favoring buyers, but the reaction near 1.95 will decide the next big move. @Morpho Labs 🦋

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