Morpho (MORPHO) is currently trading at $1.24, reflecting a notable 9.3% increase over the past 24 hours. The price movement has oscillated between a low of $1.12 and a high of $1.25, indicating a daily range of 0.13%, suggesting moderate volatility in the short term.

The trading volume stands at approximately 17.8 million, with a volume-to-market cap ratio of 2.63%, indicating active trading relative to its market capitalization. Moving averages reveal a bullish trend; the 8-hour SMA is at $1.23 with a 0.83% increase, while the longer-term 21-hour and 55-hour SMAs show gains of 3.76% and 4.07%, respectively, signaling upward momentum.

The 1-hour RSI is at 75, indicating overbought conditions, while the 7-day RSI at 55 suggests that Morpho is nearing neutral territory. Recent price changes indicate a slight bearish trend over the past week and two weeks, with declines of approximately 3.96% and 3.83%, but a positive 5.28% change over the last 30 days suggests a recovery trend.

Morpho's all-time high of $4.17, reached in January 2025, indicates substantial room for price appreciation if market conditions are favorable. Current price levels and trading volumes reflect investor interest, but the high RSI suggests caution in the short term.

Considering the current technical indicators, despite short-term overbought conditions, the overall trend appears positive with increasing moving averages and a strong 30-day performance. Therefore, the recommendation is to **Buy** Morpho (MORPHO) at current levels, capitalizing on potential upward momentum while being mindful of short-term fluctuations.