Morpho (MORPHO) is currently trading at $1.39, reflecting a 7.53% increase over the last 24 hours. The price has demonstrated resilience, with a daily range between $1.29 and $1.40, indicating strong upward momentum amid solid trading activity with a volume of approximately $17.39 million.

The hourly moving averages indicate bullish trends, with the 8 SMA at $1.34 showing a gain of 3.47%, and further supporting indicators from longer-term averages like the 55 SMA at $1.30 and the 144 SMA at $1.27, which have seen increases of 6.69% and 9.45% respectively. The 1-hour RSI is at 80, suggesting that the asset is currently overbought, while the 7-day RSI at 59 indicates a healthier trend but not yet overbought.

In the context of price momentum, Morpho has gained approximately 11.01% over the past week, with even stronger gains of 24.85% over the past 14 days and 23.97% over the last 30 days. This robust performance is notable against its all-time high of $4.17, reached in January 2025, indicating significant potential for future growth if upward trends continue.

Given the current technical indicators, despite the overbought condition in the short term, the sustained upward momentum and positive price changes over various time frames suggest a strong market sentiment towards Morpho. Therefore, the recommendation is to "Buy," as the potential for further gains outweighs the risks of a pullback, especially if volume remains strong and price levels hold above key moving averages.