Morpho (MORPHO) is currently trading at $1.39, showing a slight decline of 0.89% over the last 24 hours. The price has oscillated between a high of $1.45 and a low of $1.28 in the same period, indicating a daily range of 0.17%, which reflects a stable yet cautious market sentiment.

The trading volume stands at approximately $24.65 million, representing 3.24% of the market cap. The short-term moving averages indicate mixed signals: the 8 SMA and 13 SMA are showing bearish trends at -1.24% and -0.35% respectively, while the longer-term 21 SMA and 55 SMA are trending upwards at +1.58% and +2.03%, suggesting potential bullish momentum as we move further out.

Momentum indicators provide additional insight; the 1-hour RSI is at 62, indicating a moderately bullish sentiment, while the 7-day RSI is slightly lower at 58, suggesting that the asset has not reached overbought conditions. Over the past week, the price has increased by 25.07%, and over the past 14 days, it has risen by 20.30%, indicating strong upward momentum in the short term.

With the all-time high at $4.17, achieved on January 17, 2025, there remains significant upside potential for MORPHO. The recent price action and positive longer-term moving average trends suggest that the market is currently in a recovery phase, with potential for further gains if volume continues to support upward movement.

In conclusion, based on the analysis of technical indicators, recent price action, and overall market sentiment, I recommend a Buy rating for Morpho (MORPHO). The combination of strong weekly performance, positive longer-term moving averages, and room for growth towards its all-time high supports this rating.