Morpho (MORPHO) is currently trading at $1.17, reflecting a 24-hour change of -1.85%. The daily range shows limited volatility, with a high of $1.20 and a low matching the current price, indicating potential resistance at the $1.20 level.

The trading volume over the last 24 hours is approximately 7 million, translating to a volume-to-market cap ratio of 1.11%, suggesting relatively low trading interest compared to the market cap. The short-term moving averages (8, 13, and 21 SMA) are all at $1.19 and show declines of around 2%, which indicates bearish momentum in the near term.

The 1-hour RSI is at 23, signaling oversold conditions, while the 7-day RSI at 42 suggests that momentum is not strongly bullish or bearish, but closer to a bearish outlook. Additionally, the asset has seen a significant drop over the past week, with a 7-day price change of approximately -12.89%, reinforcing bearish sentiment.

From a technical perspective, the recent price action indicates that MORPHO is struggling to maintain upward momentum, with all moving averages trending downward. The previous all-time high of $4.17, established in January 2025, highlights the substantial distance the asset needs to recover, further emphasizing the current bearish trend.

Given the prevailing negative momentum and the oversold RSI condition, a cautious approach is warranted. While there may be short-term trading opportunities, the overall trend remains bearish.

**Rating: Sell.** The current price action and indicators suggest that further declines could occur, and investors should consider exiting positions until a clearer reversal signal emerges.