Morpho (MORPHO) is currently trading at $1.29, reflecting a 2.98% increase over the past 24 hours. The asset has shown a daily range of $1.25 to $1.33, indicating a relatively stable price movement within this period.

Volume traded in the last 24 hours stands at approximately 15.65 million, translating to a volume-to-market cap ratio of 2.23%, which suggests moderate trading activity. The hourly moving averages present a mixed picture, with shorter-term SMAs showing slight declines while the longer-term SMA (55) and (144) indicate upward momentum, suggesting a potential bullish reversal.

The 1-hour RSI is currently at 42, indicating that Morpho is approaching oversold territory in the short term, while the 7-day RSI at 55 suggests a more neutral position overall. Additionally, the 7-day price change of approximately 11% and the 14-day price change of 8.77% highlight a positive trend in the medium term.

Given the data, the price has not approached its all-time high of $4.17, indicating significant room for growth. However, the current price levels and moving averages suggest caution as the shorter-term trends are not entirely bullish.

Considering the overall technical indicators, the moderate RSI levels and recent price movements, a Hold rating is recommended for Morpho (MORPHO). This strategy allows investors to monitor potential upward momentum while avoiding the risks associated with short-term fluctuations.