$MORPHO /USDT: Short-Term Range Play
The 1-hour chart shows $MORPHO consolidating in a tight range, caught between nearby support and resistance.
Current Price: ~$2.02
Resistance Zone: $2.08–$2.15. A clear break above this range could trigger a strong bullish move.
Support Level: $1.95. Staying above this level is key to avoiding a deeper pullback.
Outlook: Price is coiling in a narrow band. A breakout above resistance or a drop below support will likely set the next short-term trend.
Note: Consider $MORPHO’s fundamentals in DeFi lending alongside technical signals.
#Morpho @Morpho Labs 🦋 $MORPHO #Morpho
MORPHO
1.173
-1.09%