【看跌】
MORPHO is currently reporting 2.658, down 2.53% over the past 24 hours. It has still risen 21.93% over 7 days. Intraday range is 2.636–2.849, with a volatility of 8.1%.
【Market View】
MORPHO intraday has moved down from 2.636–2.849 all the way, with a noticeable rebound that lacked volume.
There are no signs that the near-term weakness has been reversed yet; sell pressure continues to be released.
When you put BTC’s +6.24% alongside it, MORPHO’s performance is clearly weaker.
In the short term, the bias is bearish.
【Bearish Rationale】
The 2.53% drop over the past 24 hours is right here—short-term, the bears hold the advantage.
Price is moving along 2.636; the flip between bulls and bears at this level clearly favors the sellers.
A 2.53% fall doesn’t mean it’s already hit the bottom—before catching a falling knife, first check the volume.
In terms of strategy, treat 2.849 as the resistance level for the rebound, and 2.636 as the next point to watch.
$MORPHO #MORPHO
MORPHO is currently reporting 2.658, down 2.53% over the past 24 hours. It has still risen 21.93% over 7 days. Intraday range is 2.636–2.849, with a volatility of 8.1%.
【Market View】
MORPHO intraday has moved down from 2.636–2.849 all the way, with a noticeable rebound that lacked volume.
There are no signs that the near-term weakness has been reversed yet; sell pressure continues to be released.
When you put BTC’s +6.24% alongside it, MORPHO’s performance is clearly weaker.
In the short term, the bias is bearish.
【Bearish Rationale】
The 2.53% drop over the past 24 hours is right here—short-term, the bears hold the advantage.
Price is moving along 2.636; the flip between bulls and bears at this level clearly favors the sellers.
A 2.53% fall doesn’t mean it’s already hit the bottom—before catching a falling knife, first check the volume.
In terms of strategy, treat 2.849 as the resistance level for the rebound, and 2.636 as the next point to watch.
$MORPHO #MORPHO
