Morpho (MORPHO) is currently trading at $1.35, experiencing a slight decline of 1.52% over the past 24 hours. The daily price has oscillated between a low of $1.32 and a high of $1.39, indicating a narrow trading range of 0.07%.

The volume for the last 24 hours stands at approximately 19,966,428, representing a volume-to-market cap ratio of 2.78%. The short-term moving averages are signaling bearish momentum, with the 8 SMA at $1.38 down 1.86%, and the 55 SMA at $1.42 reflecting a significant drop of 5.25%.

In terms of relative strength indicators, the 1-hour RSI is at 51, suggesting neutrality in the short term, while the 7-day RSI at 43 indicates potential oversold conditions. The price has seen a steep decline over longer time frames, with a 7-day change of -11.27%, a 14-day change of -24.76%, and a 30-day change of -33.09%.

The all-time high for MORPHO was $4.17, achieved on January 17, 2025, illustrating significant potential for price recovery. However, the current trend suggests continued bearish pressure and a lack of buying momentum, particularly as the moving averages are trending downward.

Given the bearish indicators across multiple time frames and moving averages, along with the negative price changes, the recommendation for Morpho (MORPHO) is to Hold. This stance is based on the potential for a market correction and recovery, but also acknowledges the current lack of upward momentum in the near term.