๐ Is Morpho ($MORPHO) Ready for a Reversal? ๐
๐ MORPHO is currently at $3.3452, with a daily high of $3.3589 and strong +7.76% momentum. But can it hold?
๐ Technical Breakdown:
๐ RSI (6) at 66.99 โ Approaching overbought territory, indicating a potential slowdown.
๐ MACD remains bullish but is showing signs of flatteningโmomentum might be weakening.
๐ Bollinger Bands are tightening near resistanceโvolatility squeeze could lead to a breakout or reversal.
๐ Next Moves?
โข Break above $3.36 could extend the rally towards $3.40+.
โข Failure to hold $3.30 may trigger profit-taking, leading to a pullback towards $3.20-$3.10.
โ ๏ธ Traders: Watch for confirmation signals! Is Morpho ready for another leg up or a healthy correction?
