Morpho Global Dollar TVL surges: Can MORPHO maintain upside momentum?

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Morpho jumps 7.01% to $2.26 today

Highlights

Morpho's Global Dollar lending reached $143 million in total value locked under one month after launch on Arbitrum One.
Rapid user engagement and liquidity inflows increased protocol activity and raised market confidence in the Morpho ecosystem.
MORPHO/USD trades in a bullish structure with buy signals across major indicators and an expected range of $2.1574 to $2.3664 for the next sessions.

User adoption drives liquidity as rapid TVL surge strengthens sentiment

Morpho's total value locked (TVL) for Global Dollar (USDG) lending reached $143 million less than a month after its launch on Arbitrum One, according to Chaincatcher. This rapid accumulation of capital signals strong initial user engagement and liquidity inflows, increasing utility and activity across the protocol. The pace of adoption directly enhances demand for MORPHO and elevates market confidence in its ecosystem.

Sustained buying pressure as technicals indicate bullish but overheated setup

On the technical front, MORPHO/USD is holding above the MA-20 and MA-50 on the hourly timeframe, with additional strength evident due to its position well above the MA-200 on the daily chart. The Ichimoku Kijun at $2.1607 acts as immediate support. MACD and ADX are both in buy territory, and the Awesome Oscillator confirms bullish momentum. Meanwhile, RSI is currently in the neutral region, but both Stochastic RSI and CCI sit in overbought zones, highlighting short-term overheating risks. Bull/Bear Power remains positive, reflecting ongoing intraday buying pressure.

Upside favored as buyers dominate and key supports hold

Looking ahead, the expected trading range for the next two to three sessions is set between $2.1574 and $2.3664, capturing typical volatility relative to current levels. With intraday momentum strong and buyers dominating, a further upside move is highly probable, particularly if price clears the $2.3664 upper boundary. If the price instead consolidates, sustained action above the Ichimoku Kijun at $2.1607 would reinforce the prevailing structure, while a decisive drop below this immediate support would signal the onset of a bearish scenario, though that outcome is considered unlikely.

Anton Kharitonov, expert at Traders Union, sees robust demand and user engagement reflected in Morpho’s rapid TVL growth on Arbitrum. He notes that technical signals favor buyers, but overbought conditions and local support levels must be watched closely. The analyst remains cautious, as invalidation below $2.1607 could trigger a shift in momentum. "My base case is continued strength while support holds, but I remain defensive and will reassess if $2.1607 fails."

Earlier, analysts noted that Morpho exhibited sustained bullish momentum supported by robust protocol activity and elevated borrowing rates. Strengthening this view, the recent surge in TVL and persistent technical buy signals highlight the importance of monitoring $2.3664 as a key resistance level for potential continuation of the upside move.

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.