Here's the promised breakdown of Morpho's latest project (#MORPHO) 😈
👉🏼 Morpho (MORPHO), previously known as Morpho Blue, is a decentralized lending and borrowing protocol that operates on the Ethereum blockchain and other compatible networks. Its primary purpose is to facilitate overcollateralized loans a system where borrowers must deposit collateral worth more than the amount they wish to borrow.
On the chart you can see 👀 a rather interesting picture — immediately after its listing, the price of #MORPHO token soared by +700% of net movement 🚀, after which large sales started from investors who bought the asset at the pre-market sales stage. As a result, we have a rather large pull with liquidity at the level of $5, which will absolutely be collected in the very near future ✅. I recommend to start buying this asset from the lower 1D Bullish OB ($1.4740-$2.1073), there is no sense to wait for the price below, because there are no other zones of interest 🙅🏻♂️
Friends, Morpho is a great chance to pick up 2-3x, in just a few weeks, so take advantage of it! 🔥
