Morpho (MORPHO) is currently priced at $1.81, reflecting a 24-hour decline of 2.05%. The daily trading range has been tight, with a high of $1.89 and a low of $1.76, indicating limited volatility over the past day.

The trading volume stands at approximately 26.66 million, representing 2.68% of the market capitalization. This volume suggests a moderate level of trading activity, which may indicate investor caution given the recent price dip.

Moving averages reveal mixed signals: the 8 SMA and 13 SMA are trending upwards, suggesting short-term bullish momentum, while the 21 SMA and 55 SMA are showing downward trends, indicating potential resistance at higher levels. The 144 SMA, at $1.71, has a positive change of 5.61%, suggesting a supportive level that could cushion further declines.

The RSI metrics show a balanced market; the 1-hour RSI is at 51, while the 7-day RSI is at 54, both indicating neutral conditions. Over the past week, the price has increased by 14.91%, and over the last month, it has surged by 50.15%, demonstrating strong momentum in the mid-term.

Despite the current price retracement, Morpho remains significantly below its all-time high of $4.17 set in January 2025, indicating substantial upside potential if bullish sentiment returns. The overall trend shows that while short-term indicators are mixed, longer-term movements suggest bullish strength.

Given the technical and fundamental analysis, the recommendation is to Buy Morpho (MORPHO) at the current price of $1.81. The historical price increases, supportive moving averages, and the overall market sentiment indicate that there is potential for recovery and upside growth.