$MORPHO is easing off after a strong rally, but the underlying strength remains intact. This pullback appears healthy and constructive, not a sign of weakness. Buyers continue to defend the price with conviction, and overall momentum is still biased to the upside despite near-term selling pressure.
The main support zone is around 1.22 – 1.20, where strong demand previously stepped in. A deeper safety level sits near 1.16, marking the base of the recent expansion. On the upside, resistance is located at 1.30, followed by 1.32, the zone where sellers previously reacted aggressively.
A potential entry can be considered around 1.23 – 1.25 if price forms stable candles.
Target 1: 1.30
Target 2: 1.34 if momentum and volume return
Stop loss: Below 1.18 for protection
Overall, the structure looks controlled rather than exhausted. If buyers regain momentum, MORPHO could accelerate quickly. Patience and respect for the setup are key.
#MORPHO #AltcoinSetup #BullishMomentum #CryptoTrading #MarketStructure