$MORPHO has been under steady pressure all day, and the chart shows exactly how tough the sell-side has been. Every minor bounce attempt got rejected, pushing $MORPHO down toward the 1.65 zone, which is now the key level to watch.
What stands out is how consistent the lower highs have been a clean sign that buyers are hesitating. Even the volume spikes couldn’t shift momentum.
If @Morpho Labs 🦋 is going to stabilize, it needs a confirmed reaction here, otherwise the trend can easily stretch further down. For now, caution makes more sense than catching a falling knife.
