🚨 Technical analysis for coin $MORPHO | 4-hour timeframe
🔹 Current price: $2.10 📈 (+13.76% in 24h)
– It moves within a clear uptrend, with continued formation of higher highs and higher lows, confirming that buyers control the overall direction.
– A clear breakout above previous resistance zones with accelerated positive momentum, reflecting the strength of the uptrend.
– The $1.79 – $1.70 zone represents the main support / demand.
– It is moving in the overbought area (80.06), which may put pressure on the price.
🔼 Positive scenario (upside):
If it holds steady and breaks above $2.15
🎯 $2.28 – $2.46 – $2.67$
🔽 Negative scenario (downside):
If it breaks below $1.92 with a 4-hour close
❌ $1.79 – $1.70 – $1.65$
📌 Note: Any pullback toward support zones is a potential opportunity within the uptrend.
$MORPHO #Morpho
🔹 Current price: $2.10 📈 (+13.76% in 24h)
– It moves within a clear uptrend, with continued formation of higher highs and higher lows, confirming that buyers control the overall direction.
– A clear breakout above previous resistance zones with accelerated positive momentum, reflecting the strength of the uptrend.
– The $1.79 – $1.70 zone represents the main support / demand.
– It is moving in the overbought area (80.06), which may put pressure on the price.
🔼 Positive scenario (upside):
If it holds steady and breaks above $2.15
🎯 $2.28 – $2.46 – $2.67$
🔽 Negative scenario (downside):
If it breaks below $1.92 with a 4-hour close
❌ $1.79 – $1.70 – $1.65$
📌 Note: Any pullback toward support zones is a potential opportunity within the uptrend.
$MORPHO #Morpho