Interesting perspective 👌. Do you think bulls can hold momentum here?

$MORPHO is displaying early signs of stabilization after a sharp 9.84% decline, currently trading around 1.842. The market faced intense pressure earlier, with the price falling from a 24-hour high of 2.043 to a low of 1.795. However, strong buying interest has emerged near the 1.80 support area, suggesting that the token might be forming a short-term bottom.

The Parabolic SAR indicator, positioned around 1.805, still shows a bearish sentiment, but the candles are beginning to close closer to this mark, signaling that sellers may be losing momentum. If the price can maintain support above 1.82, there’s a solid chance for a short-term recovery toward the 1.87–1.90 resistance range.

The moving averages (MA5 and MA10) indicate ongoing consolidation, which often precedes a directional move. A bullish crossover between these averages could trigger a strong breakout. Trading volume remains healthy, with over 10.79 million USDT exchanged in the past 24 hours, showing consistent market participation despite the recent correction.#Morpho @Morpho Labs 🦋
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