Morpho (MORPHO) Price Analysis: Bulls Maintain Strong Upside Momentum

Morpho has secured the second position on the daily top crypto movers list, recording an 8.18% price increase. The token’s price action continues to show resilience, with indicators suggesting potential for further gains toward key resistance levels.

Market Statistics

Current Price: $2.112

Market Capitalization: $666.75M

Circulating Supply: 323.69M

Total Supply: 1B

CoinMarketCap Rank: 102

Key Price Levels

Resistance: $2.500, $3.000, $3.500

Support: $2.000, $1.500, $1.000

Morpho Bulls Keep the Trend Alive

On the daily chart, MORPHO/USDT has sustained its upward trajectory since rebounding from the lower Bollinger Band five sessions ago. The rally has already cleared the middle band and continues to press higher. The Bollinger Bands (BB) maintain a moderate aperture with a slightly sideways bias, suggesting stable volatility levels.

The Stochastic Relative Strength Index (SRSI) lines are firmly in the overbought territory and remain closely aligned — a sign of strong, sustained bullish momentum. Daily candles show moderate body sizes, indicating steady buying pressure rather than overly aggressive spikes, which often precede pullbacks.

MORPHO/USDT Targeting $2.200 and Beyond

Currently, MORPHO’s price is trading above the upper Bollinger Band, a move that often signals overextension but can also indicate persistent bullish control in trending markets. The ongoing session’s small red candle reflects minor profit-taking rather than a trend reversal.

The SRSI remains merged in the overbought region, showing no divergence, which reinforces the bullish bias. If buying momentum holds, the market is well-positioned to breach the $2.200 level and potentially challenge the $2.500 resistance in the near term.

Technical Summary:

Trend: Strong bullish continuation on both daily and short-term charts.

Momentum: SRSI in overbought zone, showing sustained buying strength.

Near-Term Targets: $2.200, followed by $2.500 if momentum persists.

Risk Factor: Extended position above the upper BB could invite brief consolidation before further climbs.

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