Morpho (MORPHO) is currently trading at $1.54, reflecting a significant 24-hour decline of approximately 9.97%. The daily trading range has been narrow, between a high of $1.74 and a low of $1.50, indicating a bearish trend that has persisted over the last week with a cumulative price drop of 22.91%.

The volume stands at approximately 42.6 million, with a volume-to-market cap ratio of 5.22%, suggesting moderate trading activity relative to its market capitalization. Technical indicators show that moving averages are also bearish; the 8 SMA is at $1.56 (-1.25%), and the longer-term 144 SMA is significantly higher at $1.87 (-17.51%), which may indicate potential resistance levels.

The Relative Strength Index (RSI) for the last hour is at 36, which indicates that the asset is nearing oversold conditions, while the 7-day RSI of 38 reinforces this sentiment. The negative price changes over various periods—7 days at -22.91%, 14 days at -7.59%, and 30 days at -15.88%—suggest persistent selling pressure and a lack of bullish momentum.

Given that the all-time high was at $4.17 in January 2025, there is considerable downside from current levels. The significant drop and resistance indicated by moving averages, coupled with low RSI readings, suggest that the market sentiment is firmly bearish.

Considering all data, the current price action and technical indicators do not support a bullish outlook in the near term. Therefore, the recommendation is to hold Morpho (MORPHO) at this stage, observing for signs of reversal or stabilization before considering further investment or liquidation.