🚨 $MORPHO (MORPHO) Latest Update
MORPHO is facing fresh selling pressure after a $36.4M liquidation event on Morpho-linked lending markets. The event followed a roughly 3% move in PT-reUSD, triggering leveraged position liquidations.
📉 MORPHO recently faced rejection around $2.90, while the $2.35–$2.50 area is being watched as near-term support. A break below that zone could increase downside risk.
At the same time, Morpho continues seeing DeFi adoption, including strong deposits in a Pendle USDC vault built on Morpho.
Bottom line: High volatility + strong DeFi activity = MORPHO is definitely one to watch 👀
#Morpho
#defi #crypto
MORPHO is facing fresh selling pressure after a $36.4M liquidation event on Morpho-linked lending markets. The event followed a roughly 3% move in PT-reUSD, triggering leveraged position liquidations.
📉 MORPHO recently faced rejection around $2.90, while the $2.35–$2.50 area is being watched as near-term support. A break below that zone could increase downside risk.
At the same time, Morpho continues seeing DeFi adoption, including strong deposits in a Pendle USDC vault built on Morpho.
Bottom line: High volatility + strong DeFi activity = MORPHO is definitely one to watch 👀
#Morpho
#defi #crypto