$MORPHO /USDT CONSOLIDATING NEAR SUPPORT — A POTENTIAL BULLISH REBOUND AHEAD!

MORPHO/USDT is currently trading at $1.75 (-0.23%), showing sideways movement after finding strong buying interest near the $1.72 support zone. Despite mild pressure, the pair is forming a base pattern, suggesting that bulls might soon attempt a rebound if price sustains above $1.73. A breakout above $1.78–$1.80 could confirm a short-term bullish reversal.

Trade Setup:

Entry (Long): $1.75 – $1.77

Take Profit (TP): $1.80 / $1.84 / $1.88

Stop Loss (SL): $1.72

Market Outlook:

The short-term sentiment for MORPHO leans cautiously bullish, as consolidation near support hints at accumulation. Traders should watch for a volume-backed breakout above $1.80 to confirm upward momentum.

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