Morpho (MORPHO) is currently trading at $1.096, reflecting a modest 24-hour change of 1.29%. The daily trading range has been tight, with a high of $1.11 and a low of $1.076, indicating limited volatility in the short term.

The trading volume stands at approximately $8.99 million, contributing to a volume-to-market cap ratio of 1.51%. Technical indicators show mixed signals; the 1-hour RSI is at 52, suggesting neutrality, while the 7-day RSI at 40 indicates a potential oversold condition after a significant price drop of 24.71% over the last 30 days.

Moving averages reveal a bearish trend, with the 55 SMA at $1.12 down 2.02% and the 144 SMA at $1.16 down 5.26%. The short-term moving averages (8, 13, and 21 SMA) are all slightly below the current price, indicating resistance levels that the price must overcome to establish a bullish trend.

The all-time high for MORPHO stands at $4.17, reached on January 17, 2025, which suggests significant room for growth from the current levels. However, the recent downward trends and negative price changes over the past two weeks indicate that the market sentiment is currently bearish.

Considering the current market conditions and technical indicators, the recommendation is to Hold MORPHO. The price is consolidating in a tight range, and while there is potential for recovery, the overall bearish trend in the moving averages and RSI signals suggests caution before taking a bullish stance.