$MORPHO Current zone: ~$2.63–$2.72
MORPHO has made a strong breakout, rising from around $2.20 to above $2.65. data shows Aug. 24 trading between $2.61 and $2.76, while Aug. 23 closed around $2.66.
Technical view: 🟢 Bullish but overbought
Resistance: $2.75 → $3.00
Support: $2.60 → $2.40
Major support: $2.20
RSI was around 79, indicating strong momentum but an overbought condition. and moving averages remained bullish.
A sustained move above $2.75 could open the way toward $3.00. Conversely, losing $2.40 could trigger a deeper pullback.
Trading idea:
🟢 Buy on a confirmed breakout/retest above $2.75
🎯 TP1: $2.90
🎯 TP2: $3.00
🛑 SL: $2.55
#Morpho #BitcoinStrongestWeekSinceMarch2023 #AnthropicIPOCouldTopSpaceXRecordReportsSay #NvidiaAIServerPricesRiseOver15% #levelsabovemagical
$MORPHO
MORPHO has made a strong breakout, rising from around $2.20 to above $2.65. data shows Aug. 24 trading between $2.61 and $2.76, while Aug. 23 closed around $2.66.
Technical view: 🟢 Bullish but overbought
Resistance: $2.75 → $3.00
Support: $2.60 → $2.40
Major support: $2.20
RSI was around 79, indicating strong momentum but an overbought condition. and moving averages remained bullish.
A sustained move above $2.75 could open the way toward $3.00. Conversely, losing $2.40 could trigger a deeper pullback.
Trading idea:
🟢 Buy on a confirmed breakout/retest above $2.75
🎯 TP1: $2.90
🎯 TP2: $3.00
🛑 SL: $2.55
#Morpho #BitcoinStrongestWeekSinceMarch2023 #AnthropicIPOCouldTopSpaceXRecordReportsSay #NvidiaAIServerPricesRiseOver15% #levelsabovemagical
$MORPHO