🚨 SITUATION $MORPHO 🚨
✅️Morpho surprises: +34% in August.
Fourth month in the green
✅️Among the tokens that are surprising with their upward strength during this phase of indecision in the crypto market is $MORPHO . It is currently priced at $2.345 and has recorded a 13% increase in the last 24 hours, bringing its weekly performance to a positive 12.80%. The month of August confirms to be even brighter with a +34.22%.
✅️At the current value, Morpho has a market cap of 765 million dollars, allowing it to enter the Top 100, occupying the position number 98 in the ranking.
✅️Morpho is a young token, listed in November 2024.
The first phase was strongly bullish and led to an ATH of $4.18 in January 2025. Subsequently, a downward phase began, accelerated by the breakdown of the support area at $2.40.
✅️In mid-April, Morpho hit a low of $0.81, marking a collapse of 80.5% in just 13 weeks. From that level, a slow recovery phase began, characterized by a sequence of bullish swings. This movement allowed the price, already in July, to test the resistance area at $2.10, where the token lateralized for several weeks, before entering the decisive breakout that is taking place now.
✅️In the last two days, Morpho has been growing strongly, marking a +17% and aiming towards the main long-term resistance in the area of $2.50. A decisive breakthrough of this level would confirm the strength of the ongoing bullish trend, opening the way for further upward extension.
✅️Currently, the support levels are at $1.95 as the first level, followed by the more significant range between $1.75 and $1.71. The main support is instead at $1.58.
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$MORPHO
