Will Morpho hold support as oversold conditions limit further downside?

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Morpho drops 7.05% to $1.91 today

Highlights

Upbit's listing of Morpho (MORPHO) on its KRW trading market increases regional access and may drive local liquidity.
Despite the new listing, MORPHO remains under sustained selling pressure, reflecting weak investor enthusiasm post-launch.
Technical signals indicate strong seller dominance, with price expected to consolidate between $1.8317 and $1.9923 amid high downside risk.

Liquidity prospects rise as Upbit listing meets continued selloff

Upbit has added Morpho (MORPHO) to its KRW trading market, a move confirmed by Bloomingbit. By enabling a KRW trading pair, the listing expands accessibility for South Korean users and may lead to increased liquidity and demand from regional investors. Despite this new avenue for participation, price action has remained under broader selling pressure.

Multiple resistances cap price as momentum shows intraday seller strength

On the hourly chart, $1.9722 (MA-20) and $1.9627 (MA-50) serve as immediate overhead resistance levels, with the price holding above the longer-term support at $1.7404 (MA-200). The Ichimoku Kijun level at $2.0265 is the next notable resistance to watch. Momentum indicators such as MACD, ADX, and Awesome Oscillator all signal ongoing selling bias. RSI is currently at 40.64, while both Stoch RSI and CCI are firmly in oversold territory, indicating downside exhaustion. Bull/Bear Power also confirms seller dominance on intraday timeframes.

Low upside odds as consolidation likely within volatile trading band

Over the next two to three trading days, Morpho is expected to consolidate within a typical volatility band between $1.8317 and $1.9923. The probability of an upward move breaking resistance is very low, given current signals and sell-side momentum. A bullish scenario could be triggered by a move above the $2.0265 Ichimoku Kijun level, while a break below $1.8317 may pave the way for further declines.

Viktoras Karapetjanc, expert at Traders Union, sees the Upbit listing as a positive step for Morpho’s adoption in the South Korean market. He notes that despite stronger access and potential liquidity inflows, price is still struggling against technical pressures and selling momentum. The analyst expects consolidation in the coming days, but views the fundamental backdrop as supportive for mid-term prospects. "Near-term, I’m watching for signs that the new inflows can turn sentiment, as improved liquidity may eventually support higher prices."

Earlier, analysts noted that Morpho was experiencing prevailing bearish momentum despite institutional developments and ecosystem expansion. The latest addition of a KRW trading pair on Upbit introduces regional liquidity potential, but with sell-side pressure and momentum indicators still bearish, traders should closely monitor for any momentum shift above $2.0265 or a breakdown below $1.8317 for near-term direction.

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.