$MORPHO MORPHO/USDT – Bullish Reversal Formation in Progress
Timeframe: 15 Minutes
💰 Current Price: 1.988 USDT
📉 Previous Low: 1.940
📈 Target Zone: 2.060
Market Overview:
MORPHO/USDT is displaying a bullish reversal structure after consolidating near the 1.940 support zone. Price has broken above a key intraday resistance around 1.982, signaling a potential shift in market sentiment toward buyers. The bullish candles with solid body structures indicate strong participation from buyers reclaiming short-term control.
Bullish Confirmation:
The pair has flipped resistance into support and is currently holding above the 1.980 area. If momentum sustains, the next impulsive move could push price toward the 2.060 level. A clean breakout and candle close above 2.000 will further validate the bullish bias.
🎯 Upside Targets:
TP1: 2.020 – Minor resistance zone
TP2: 2.060 – Key target level
TP3: 2.090 – Extended bullish target (if momentum continues)