Morpho (MORPHO) is currently trading at $1.47, reflecting a 7.57% increase over the past 24 hours. The asset has shown a daily price range between $1.35 and $1.50, indicating a relatively stable volatility with a daily range of 0.15%.

The trading volume stands at 18,801,412, which represents 2.41% of the market cap, suggesting moderate trading activity. Key moving averages show a bullish short-term trend with the 8 SMA at $1.46 (+0.60%) and the 13 SMA at $1.44 (+2.39%), while longer-term moving averages are less optimistic, particularly the 144 SMA which is flat at $1.47 (-0.14%).

The hourly RSI is at 72, indicating that Morpho is overbought in the short term, which could lead to a price correction. In contrast, the 7-day RSI is at 48, suggesting that the asset has not yet established a clear trend, but the 7-day price change shows a decline of 2.42%.

Over the longer term, Morpho's performance is concerning, with 14-day and 30-day price changes at -21.12% and -25.06%, respectively. This downward trend indicates persistent selling pressure and suggests that the asset may be struggling to regain its previous momentum.

Given the current overbought condition indicated by the hourly RSI and the lack of positive momentum in the longer-term price changes, a cautious approach is warranted. Therefore, the recommendation is to Hold Morpho at this time, as short-term gains may be offset by potential corrections and the overall negative trend in the longer time frames.