Morpho (MORPHO) is currently trading at $1.58, reflecting a significant decline of 13.22% over the last 24 hours. The daily price action has been limited, with a narrow range of only 0.25%, indicating a lack of volatility and investor interest at this level.

The trading volume of 31,990,016 represents 3.84% of the market cap, suggesting that while there is some liquidity, it is not particularly strong given the price drop. All key moving averages are trending downwards, with the 8 SMA at $1.65 indicating a recent short-term bearish momentum, while the longer-term 144 SMA at $1.90 signals further downside potential.

The 1-hour RSI at 12 shows extreme oversold conditions, which could suggest a potential short-term reversal if buying interest picks up. However, the 7-day RSI at 38 indicates continued weakness, and both the 7-day and 14-day price changes reflect a sustained bearish trend of -21.43% and -9.55%, respectively.

The all-time high of $4.17 achieved on January 17, 2025, appears distant, emphasizing the current bearish sentiment surrounding Morpho. Given the negative price movements and technical indicators, a rebound seems unlikely in the immediate term, as the asset has not demonstrated significant buying support.

Considering these factors, the recommendation for Morpho (MORPHO) is to Sell. The combination of declining prices, oversold RSI conditions, and downward trends in moving averages suggest further losses may occur before any potential recovery can take place.