Morpho drops further as seller pressure dominates after high intraday volatility

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Morpho slides 7.99% to $1.83 today

Highlights

Remittix released Earn for public use, integrating Morpho live pools and enabling deposits in ETH, USDT, and USDC.
Morpho now permits limUSD as collateral to borrow USDC, giving users new leveraged yield opportunities and wider protocol access.
Morpho trades below key moving averages with multiple indicators giving sell signals and a projected price range of $1.7234 to $1.8678 over the next 2 to 3 days.

Protocol reach expands via Remittix amid persistent selling pressure

Remittix has launched Earn to the public, integrating live pools from Morpho and allowing users to deposit ETH, USDT, and USDC, according to Streetinsider. This development expands Morpho’s reach by providing additional liquidity channels and onboarding pathways through a third-party platform. In parallel, Morpho now allows limUSD to be used as collateral to borrow USDC, facilitating leveraged yield strategies. These steps granted users broader access to Morpho’s protocol, though price action has remained under broader selling pressure.

Bearish momentum persists under multiple resistance levels

On the technical front, MORPHO is trading below the MA-20 at $1.9036, MA-50 at $1.9582, and MA-200 at $2.1475, with the Ichimoku Kijun at $1.9058 forming immediate resistance. Momentum remains weak, as both MACD and ADX are generating Sell signals, while Bull/Bear Power is negative at -0.0221 and the Awesome Oscillator aligns with bearish momentum. The RSI and Stochastic RSI are in their neutral ranges, and CCI is in the oversold zone, indicating possible exhaustion of sellers but without confirmation. The session closed near the daily low after a sizable negative gap and marked volatility.

Sideways trading likely unless breakout above resistance or breach of support

For the upcoming 2 to 3 trading days, MORPHO is likely to trade within a volatility band of $1.7234 to $1.8678. The baseline scenario anticipates sideways movement inside this range, with a low probability for upward breakout. An upward move would require a decisive close above resistance at $1.9058, while failure to hold $1.7234 support would suggest further downside risk.

Viktoras Karapetjanc, analyst at Traders Union, sees Morpho’s ecosystem expansion through Remittix integration and limUSD collateral support as positive long-term catalysts. He believes these developments significantly widen the user base and liquidity pathways, offering fundamental strength despite short-term price weakness. However, technicals point to unresolved bearish momentum with little sign yet of a reversal. "If $1.7234 holds, I expect Morpho to stabilize and potentially attract fresh inflows as market sentiment adapts to the protocol’s broadened utility."

Previously it was reported that Morpho was experiencing persistent bearish momentum despite signs of ecosystem growth and new integrations. The current technical setup continues to confirm downside risk, with the key level to watch being support at $1.7234 as failure to hold may trigger further declines.

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.