Short-term selling momentum pushes Morpho down

Traders Union
All News
Crypto News
Morpho slides 10.23% to $1.747 today

Highlights

MORPHO faces ongoing bearish pressure, trading below key short- and medium-term moving averages with limited immediate upside momentum.
Oscillator signals indicate the token is near oversold territory, but persistent selling dominates short-term price action and intraday volatility.
Expected trading range is $1.65–$1.89 over the next week, with downside risk elevated and sub-$1.58 levels threatening a deeper decline.

Oversold signals intensify amid mixed momentum and resistance caps

Technically, MORPHO trades below the SMA-20 ($2.0321) and SMA-50 ($1.8438), both acting as resistance, while the SMA-200 ($1.5765) remains a key support level. The Ichimoku Kijun on the daily chart is set at $2.0760, marking immediate overhead resistance. Momentum indicators are mixed: the D1 MACD signals a strong buy, but the ADX shows that selling pressure dominates. Oscillators including RSI (40.90), Stoch RSI (currently oversold), and CCI (-112.1, oversold) all indicate a market nearing or in oversold territory. BBP suggests modest buyer presence on the daily timeframe, though intraday readings show sellers have the upper hand. Today's close near session lows reinforces the presence of strong downward momentum, with volatility remaining elevated.

Downside risks dominate as resistance limits recovery outlook

In the short term, MORPHO is likely to oscillate within the $1.65–$1.89 range, reflecting the typical volatility band relative to current levels. The probability of a meaningful upward move is low, with downside risks prevailing as sellers retain control. If MORPHO decisively breaks above resistance at $2.08, a move toward prior moving average zones may follow; conversely, a drop below the $1.58 long-term support would expose the asset to further accelerated declines.

Viktoras Karapetjanc, expert at Traders Union, sees MORPHO under strong pressure as sellers dominate and technical indicators show limited upside potential. He notes the asset is nearing oversold conditions but remains constructive as long-term support at $1.58 holds. Karapetjanc believes a rebound is possible if resistance at $2.08 is reclaimed. "While downside risks are clear, I see opportunity for tactical buyers if $1.58 support holds and oversold signals attract renewed interest."

Previously it was reported that Morpho faced persistent short- and medium-term selling pressure, with oversold signals suggesting a possible stabilization phase. The latest data reinforce this bearish momentum, highlighting the importance of monitoring the $1.58 long-term support as a key pivot for further downside risk.

Source of Data: MORPHO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.