Morpho (MORPHO) is currently priced at $1.12, experiencing a slight decline of 0.97% over the past 24 hours. The daily trading range has been narrow, between a low of $1.10 and a high of $1.17, indicating limited volatility and investor uncertainty.

Trading volume stands at approximately 14.8 million, which represents 2.42% of the market cap, suggesting moderate interest but insufficient to drive significant price movement. The hourly moving averages indicate bearish trends, with all significant SMAs showing declines, particularly the 144 SMA at $1.17, which is down 4.07%.

Technical indicators show that the 1-hour RSI is at 36, indicating a potential oversold condition, while the 7-day RSI of 44 suggests the asset is nearing a neutral stance but still within a bearish zone. Furthermore, the asset has seen a price drop of over 13% in the last week and nearly 9.77% over the past two weeks, reflecting ongoing bearish sentiment.

Given the current price action and technical indicators, Morpho is facing resistance at $1.15, where most short-term moving averages cluster. The historical context shows the asset is well below its all-time high of $4.17, emphasizing the magnitude of the current downtrend.

Considering the weak price momentum, declining moving averages, and a bearish RSI, the recommendation for Morpho (MORPHO) is to Sell. This decision is driven by the lack of bullish signals and the ongoing downward trajectory, which suggests further downside potential in the near term.