🧬 MORPHO is up 14.8% on 2.66x volume — DeFi tokens don't move like this without a reason.
📊 Technical Breakdown:
• RSI at 66.4 (4H) — still has room before overbought territory
• Volume surging at 2.66x average — institutional interest, not just retail
• Price above ALL major SMAs (7D, 25D, 99D) — clean structure
• Long/short ratio: 0.83 — slightly more shorts, potential squeeze fuel
🎯 The Setup:
Entry: $2.73 - $2.86
Stop: $2.55 (below the 25-period 4H SMA)
TP1: $2.90 | TP2: $3.02 | TP3: $3.13
DeFi tokens with real yield behind them tend to sustain momentum longer than pure meme plays. The volume profile here suggests this isn't just speculation.
Is MORPHO on your watchlist? Should be 👇
#MORPHO #DeFi #DYOR
⚠️ DYOR — This is analysis, not financial advice. Crypto is volatile. Never invest more than you can afford to lose.