Morpho (MORPHO) is currently trading at $1.85, reflecting a notable 6.26% increase over the last 24 hours. The daily trading range has been relatively narrow, oscillating between a low of $1.73 and a high of $1.96, which indicates a stable price movement despite the recent gains.

The trading volume stands at approximately $55.4 million, representing 8.35% of the market cap, suggesting healthy liquidity. The short-term moving averages present a mixed picture, with the 8 SMA indicating a slight upward momentum, while the 13 SMA shows a minor decline, suggesting potential volatility in the near term.

The 1-hour RSI is at 59, positioning Morpho in the neutral zone, while the 7-day RSI also reflects 59, indicating a balance between buying and selling pressure. Over the past week, Morpho has appreciated by approximately 27.71%, with a remarkable 68.86% increase over the last 14 days, indicating strong bullish sentiment in the medium term.

Despite the recent positive price action, Morpho remains significantly below its all-time high of $4.17 set in January 2025, presenting potential upside. The price changes over the last 30 days indicate a sustained bullish trend, further supporting the idea of continued growth if market conditions remain favorable.

Given the current technical indicators, including the strong price appreciation and solid RSI readings, alongside healthy volume, the outlook for Morpho is cautiously optimistic. However, the mixed signals from the moving averages suggest that traders should be vigilant of potential retracements.

In conclusion, the analysis supports a Buy rating for Morpho (MORPHO) at the current price level of $1.85. The combination of strong recent performance, positive RSI levels, and healthy trading volume suggests that the asset may continue to appreciate in the near term.