Morpho (MORPHO) is currently priced at $1.19, reflecting a 24-hour decline of 3.97%. The trading range over the past day has been narrow, with a high of $1.24 and a low of $1.19, indicating low volatility during this period.

The volume of 11,022,964 suggests a moderate level of trading activity, with a volume-to-market cap ratio of 1.70%, which is relatively low. Moving averages indicate bearish sentiment, with the 8, 13, 21, and 55 SMAs all showing declines between 1.39% and 2.50%, reinforcing a short-term downward trend.

The hourly RSI is at 34, indicating the asset is nearing oversold territory, which may suggest a potential rebound if buying pressure increases. In contrast, the 7-day RSI at 49 indicates neutral momentum, while the 14-day change of -14.46% highlights a significant downturn in the medium term.

Despite a slight positive price change of 0.16% over the last 30 days, the overall trend has been negative, with a substantial drop from the all-time high of $4.17 reached in January 2025. This suggests that Morpho has not regained its previous upward trajectory and is currently struggling to maintain support levels.

In conclusion, the current technical indicators suggest caution due to the bearish moving averages and low RSI values. Therefore, the rating for Morpho (MORPHO) is a Hold, as it may be prudent to wait for clearer signs of a trend reversal before making any buying decisions.