Morpho (MORPHO) is currently priced at $2, reflecting a minor 24-hour decline of -0.17884%. The daily trading range is tight, with a high of $2.03 and a low of $1.97, indicating a consolidation phase in the market.

Volume over the past 24 hours stands at approximately $27.34 million, representing 4.13% of the market cap. The recent price movements exhibit a downward trend over the past week, with a 7-day RSI of 46, suggesting a neutral position but leaning towards bearish territory.

Technical analysis reveals mixed signals from the hourly moving averages. The 8 SMA and 55 SMA show positive momentum at +0.81% and +1.13%, respectively, while the 144 SMA indicates weakness with a -2.49% change, highlighting inconsistency in short-term trends.

Price changes over the past two weeks show a minor decline, with a 14-day change of -0.39639% and a 30-day change of -0.39739%. These trends suggest a lack of momentum for a significant rebound, as the asset struggles to regain its previous highs.

The all-time high for MORPHO was recorded at $4.17 on January 17, 2025, which indicates considerable room for growth but also highlights the distance from current pricing levels. Overall, the market is currently exhibiting a bearish sentiment with limited upward pressure.

Based on the analysis of price action, volume, and technical indicators, the rating for Morpho (MORPHO) is a Hold. The asset is in a consolidation phase with mixed signals, and while it may not be the right time to buy, it’s also not a sell due to potential future recovery.