CryptoShohel
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Bearish
$MORPHO
Morpho’s recent price action reflects a highly dynamic trading atmosphere. After falling to 1.610, the market gained renewed momentum when strong buyers entered, pushing the price up to 1.737. This rebound marked a significant show of strength, proving that the lower levels still attract substantial demand. But despite this upward surge, the price could not sustain bullish pressure for long, and the market pulled back to the current 1.682 zone. This retracement is part of a natural correction phase as the market reassesses after a rapid move.
The candlestick pattern now indicates consolidation. The red candles forming after the climb show that some sellers are stepping in, but the lack of aggressive sell volume suggests that the market is not collapsing. Instead, it is entering a neutral phase where traders look for directional clarity. In such conditions, sideways movement is normal as both sides wait for a clear breakout or breakdown.
The SAR indicator is currently supporting the positive side, as it remains below the price. This typically shows that the market still holds upward potential in the short term. But this signal must be supported by volume. Without strong participation, the market may remain slow and indecisive. The volume chart shows an earlier spike during the bullish run, followed by declining bars, which signals cooling momentum.#Morpho @Morpho Labs 🦋
{spot}(MORPHOUSDT)
$MMT
{spot}(MMTUSDT)
$XRP
Morpho’s recent price action reflects a highly dynamic trading atmosphere. After falling to 1.610, the market gained renewed momentum when strong buyers entered, pushing the price up to 1.737. This rebound marked a significant show of strength, proving that the lower levels still attract substantial demand. But despite this upward surge, the price could not sustain bullish pressure for long, and the market pulled back to the current 1.682 zone. This retracement is part of a natural correction phase as the market reassesses after a rapid move.
The candlestick pattern now indicates consolidation. The red candles forming after the climb show that some sellers are stepping in, but the lack of aggressive sell volume suggests that the market is not collapsing. Instead, it is entering a neutral phase where traders look for directional clarity. In such conditions, sideways movement is normal as both sides wait for a clear breakout or breakdown.
The SAR indicator is currently supporting the positive side, as it remains below the price. This typically shows that the market still holds upward potential in the short term. But this signal must be supported by volume. Without strong participation, the market may remain slow and indecisive. The volume chart shows an earlier spike during the bullish run, followed by declining bars, which signals cooling momentum.#Morpho @Morpho Labs 🦋
{spot}(MORPHOUSDT)
$MMT
{spot}(MMTUSDT)
$XRP
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