Morpho (MORPHO) is currently trading at $1.61, reflecting a significant 24-hour decline of nearly 13%. The daily price range shows a tight movement, with a low of $1.61 and a high of $1.86, indicating low volatility amidst the drop.

Trading volume stands at approximately $26.55 million, representing a 3.12% market cap turnover, which suggests that interest in MORPHO remains active despite the price downturn. The short-term moving averages indicate bearish momentum, with the 8 SMA at $1.74 showing a decline of 7.64%, while longer-term averages reflect worsening trends, particularly the 144 SMA at $1.92, down 16.12%.

The RSI metrics reveal further bearish sentiment; the 1-hour RSI is at 12, indicating extreme oversold conditions, while the 7-day RSI sits at 39, signaling a potential for price stabilization but still within a bearish context. Over the past week, the asset has lost nearly 19.41%, and the 14-day and 30-day price changes show ongoing downtrends, suggesting a lack of bullish momentum in the near term.

Given the significant price drop, persistent bearish indicators, and the RSI suggesting extreme oversold conditions, a potential rebound could be on the horizon. However, the prevailing trend remains negative, and without clear bullish signals, caution is warranted.

In conclusion, the current data leads to a Sell rating for Morpho (MORPHO). The lack of upward momentum, coupled with bearish moving averages and negative price changes, indicates that the asset may continue to face downward pressure in the near future.