Morpho price prediction: Will $1.654 support hold as MORPHO falls 7.36%?

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Morpho down 7.36% to $1.71 today

Highlights

BitGo and Morpho launched a partnership to offer institutions compliant on-chain lending vaults while ensuring asset custody via BitGo Bank & Trust.
Morpho raised $175 million from Paradigm and a16z at a $2 billion valuation, despite continued selling pressure on platform tokens.
Morpho/USD faces sustained downside momentum, with heavy intraday selling and an expected $1.6537–$1.7723 trading range next 2–3 days.

Institutional expansion and capital influx amid persistent price pressure

BitGo Holdings announced a partnership with Morpho on June 22, 2026, to expand institutional access to DeFi vault strategies using third-party infrastructure while ensuring asset custody with BitGo Bank & Trust, according to Businesswire. This development was accompanied by the launch of a new compliant on-chain lending vault for institutions, as reported by Cryptotimes, broadening Morpho’s product suite to appeal to a wider institutional user base. Additionally, Morpho completed a $175 million fundraise co-led by Paradigm and a16z, reaching a $2 billion valuation and signaling strong backing for its platform, per Cryptodaily Co, though price action has remained under broader selling pressure.

Downside momentum intensifies as MORPHO nears oversold zone

On the h1 chart, MORPHO is trading below the MA-20 at $1.767 and MA-50 at $1.805, while still holding above the long-term MA-200 at $1.611. The Ichimoku Kijun at $1.788 acts as immediate resistance. RSI is at 31.0, showing the asset is near oversold, with the CCI and BBP both indicating sell momentum. MACD is on a sell signal and the ADX trend is neutral. The Stoch RSI is also neutral. Awesome Oscillator data support prevailing downside momentum, with today’s session characterized by an intraday gap lower and pronounced volatility. No bullish divergence is observed among oscillators or momentum readings.

High downside risk persists while support and volatility converge

Over the next two to three trading days, MORPHO is expected to trade within a volatility band from $1.654 to $1.772. The probability of further downside remains high if selling momentum continues, with a bearish scenario materializing if support near $1.654 breaks. A bullish reversal would require the price to reclaim resistance at $1.788. The baseline scenario anticipates continued sideways action within this range.

Anton Kharitonov, expert at Traders Union, sees continued weakness in MORPHO despite notable institutional news and major fundraising. He highlights that, technically, the asset remains under selling pressure, trading below key moving averages and showing no bullish momentum. The analyst believes downside risk is pronounced unless the price reclaims resistance at $1.788. "Base case is sideways to lower as long as $1.788 holds — institutional tailwinds mean little if price action stays this weak."

Earlier, analysts noted that Morpho's price action reflected mixed technical momentum and institutional support, with a bias toward consolidation amid broader selling pressure. The latest developments, including the BitGo partnership and near-oversold readings, add further weight to a bearish outlook, making stability above $1.654 crucial for averting deeper downside risk in the near term.

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.