Morpho (MORPHO) is currently priced at $1.097, reflecting a 4.71% decline over the past 24 hours. The price has oscillated between a daily high of $1.15 and a low of $1.09, indicating relatively low volatility with a daily range of just 0.06%.

Volume over the last 24 hours stands at 8,816,771, translating to a volume-to-market cap ratio of 1.48%. This suggests moderate trading activity, but not enough to indicate strong market interest or momentum at this price level.

The hourly moving averages show a bearish trend with the 8 SMA at $1.10 down 0.63%, and the 55 SMA at $1.15 down 4.97%. The 1-hour RSI is critically low at 8, indicating that the asset is heavily oversold, while the 7-day RSI at 46 suggests a neutral short-term outlook.

Morpho has experienced a consistent downtrend, with a 7-day price change of -3.59%, a 14-day change of -8.65%, and a more significant 30-day decline of -18.48%. This trend reflects a weakening sentiment among traders, contributing to the asset's current struggles.

Considering the all-time high of $4.17 reached on January 17, 2025, there is significant downward pressure as the price has fallen substantially from that peak. The current levels suggest that Morpho is trading at a significant discount; however, technical indicators do not yet signal a reversal.

Based on the current analysis, Morpho is rated as a Hold. While the asset is oversold and may present a buying opportunity, the prevailing downtrend and low trading volume indicate caution is warranted before making a new position.