$MORPHO Currently, its price is at $2.4503.
Over the last 24 hours, it has fallen by 4.86%.
The price has decreased and the weakness is extremely noticeable; therefore, we could see it return to lower areas, such as: $2.3859.
In the short term, buyers do not fully give up; however, buying volume is not very high, which reduces momentum and leaves us exposed to the lower zone of $2.3859.
Key levels:
Support line: It is located in the $2.3000 area. You already know what happens if that level is lost; exactly, the $1.9800 zone would be exposed.
Resistance line: It is located in the $2.5246 area. A clean break above this level is key; otherwise, it will look weakened.
Over the last 24 hours, it has fallen by 4.86%.
The price has decreased and the weakness is extremely noticeable; therefore, we could see it return to lower areas, such as: $2.3859.
In the short term, buyers do not fully give up; however, buying volume is not very high, which reduces momentum and leaves us exposed to the lower zone of $2.3859.
Key levels:
Support line: It is located in the $2.3000 area. You already know what happens if that level is lost; exactly, the $1.9800 zone would be exposed.
Resistance line: It is located in the $2.5246 area. A clean break above this level is key; otherwise, it will look weakened.