LET'S TALK ABOUT MORPHO!
The token $MORPHO is trading around $1.99, with a market cap of over $1 billion and a record TVL above $10 billion — stuff for top players in DeFi! 🚀
Key points?
Institutions are entering the scene: an entity has placed $775M in Morpho's vaults 💰
Expanding ecosystem: the protocol is landing on multiple chains (Tezos, Optimism...) and making its way into stablecoin lending
The Ethereum Foundation believes and invests: top-notch confidence 🔥
The peer-to-peer model optimizes rates and drives adoption
📊 Quick technical analysis:
Price in a hot zone around $2.00
Supports: $2.00 / $1.60
Resistances: $2.50 / $3.20
Neutral RSI (45-48) → market in a consolidation phase
Volume down 30% = calm before the storm? ⚡
⚠️ Watch out for risks:
Low on-chain liquidity ($6.5M) → risk of sharp movements
Daily token unlocks = potential selling pressure
“Fear” sentiment in the crypto market = caution
👉 In summary: Morpho is building solid foundations, but the price is waiting for the next big move. A break above $2.50 could ignite the engines.
