Morpho Price Erases Its Breakdown in a Single 15% Candle

1 day ago 6

Key Takeaways

MORPHO bounced from near the 0.500 Fib.
200-day and 100-day averages reclaimed in one candle.
Rally stalled at the 0.236 Fib.
50-day near $2.42 is the last average overhead.

MORPHO traded at $2.40 at 17:04 UTC on Saturday, up about 15.2%, or $0.32, on the day after reaching $2.51, according to the Binance MORPHO/USDT daily chart.

Binance MORPHO/USDT daily chart showing Morpho at $2.40 after a 15% jump from near the 0.500 Fibonacci level at $1.98, back above the 200-day SMA at $2.14 and 100-day SMA at $2.31, just below the 50-day SMA at $2.42, with RSI at 53.6.

Morpho Price Erases Its Breakdown in a Single 15% Candle

Key Takeaways

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