🚨 Technical Analysis for $MORPHO | Daily Frame
🔹 Current Price: 1.93$ 📈 (+6.13% in 24h)
– The price is moving in a neutral horizontal range without a clear direction, reflecting volatility and traders' anticipation.
– The price is oscillating between support and resistance zones without a decisive trend so far.
– The 1.48$ – 1.45$ zone represents major support/demand.
– Trading above the 50 level at 59.15 supports the continuation of positive momentum.
🔼 Bullish Scenario (Uptrend):
If it holds and breaks above 1.98$
🎯 1.98$ – 2.06$ – 2.31$
🔽 Bearish Scenario (Downtrend):
If it breaks below 1.48$ with a daily close
❌ 1.48$ – 1.45$ – 1.28$
📌 Note: Breaking either of the key levels will determine the upcoming trend.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
🔹 Current Price: 1.93$ 📈 (+6.13% in 24h)
– The price is moving in a neutral horizontal range without a clear direction, reflecting volatility and traders' anticipation.
– The price is oscillating between support and resistance zones without a decisive trend so far.
– The 1.48$ – 1.45$ zone represents major support/demand.
– Trading above the 50 level at 59.15 supports the continuation of positive momentum.
🔼 Bullish Scenario (Uptrend):
If it holds and breaks above 1.98$
🎯 1.98$ – 2.06$ – 2.31$
🔽 Bearish Scenario (Downtrend):
If it breaks below 1.48$ with a daily close
❌ 1.48$ – 1.45$ – 1.28$
📌 Note: Breaking either of the key levels will determine the upcoming trend.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.