🚨 The coin that was still sitting at the top of the losers’ list the day before yesterday surged into first place on tonight’s top gainers list.
$MORPHO 24h +7.3% (CoinPulse 13:00 UTC snapshot; CryptoBriefing reported +8.6% to $2.17), with its market cap ranking climbing from 65 to 62 in one day. Two days ago it was still the worst performer in the top 100; over 7 days it remains -10% — this move looks more like an oversold rebound than a trend reversal.
But the fundamentals are backing it up: on Base, cbBTC/USDC lending balances have surged to about $1.6 billion, a record for the protocol, with 90% contributed by Coinbase customers; utilization is 90.2%, and lending rates have fallen from 7.5% to 5% — real borrowing demand is rising, so it’s not just a pump.
Here’s the risk in plain terms: the hourly RSI has already crossed 70, so the short-term trade is crowded; and before tomorrow night’s FOMC decision, risk appetite across the market could be rewritten by a single statement.
Watch conditions: holding above $2.19 counts as confirmation of the rebound; if it loses $2.17 on volume, look back to $2.12. Data as of today; not investment advice.
Two days ago it led the losers, today it bounced back on real demand — are you watching this level?
$MORPHO #DeFi #币安广场 #MarketWatch
$MORPHO 24h +7.3% (CoinPulse 13:00 UTC snapshot; CryptoBriefing reported +8.6% to $2.17), with its market cap ranking climbing from 65 to 62 in one day. Two days ago it was still the worst performer in the top 100; over 7 days it remains -10% — this move looks more like an oversold rebound than a trend reversal.
But the fundamentals are backing it up: on Base, cbBTC/USDC lending balances have surged to about $1.6 billion, a record for the protocol, with 90% contributed by Coinbase customers; utilization is 90.2%, and lending rates have fallen from 7.5% to 5% — real borrowing demand is rising, so it’s not just a pump.
Here’s the risk in plain terms: the hourly RSI has already crossed 70, so the short-term trade is crowded; and before tomorrow night’s FOMC decision, risk appetite across the market could be rewritten by a single statement.
Watch conditions: holding above $2.19 counts as confirmation of the rebound; if it loses $2.17 on volume, look back to $2.12. Data as of today; not investment advice.
Two days ago it led the losers, today it bounced back on real demand — are you watching this level?
$MORPHO #DeFi #币安广场 #MarketWatch
