Morpho (MORPHO) is currently trading at $1.19, reflecting an impressive 8.20% increase over the last 24 hours. The price has fluctuated between a low of $1.096 and a high of $1.22 during this period, indicating strong volatility within a daily range of 0.124%.

The trading volume stands at approximately $21.56 million, representing a market cap volume ratio of 3.31%, which suggests decent liquidity. Short-term moving averages are bullish, with the 8 SMA at $1.15 showing a rise of 3.70%, while longer averages also indicate positive momentum, particularly the 55 SMA at $1.11, up 7.38%.

The 1-hour Relative Strength Index (RSI) is at 74, signaling that MORPHO is overbought in the short term. Conversely, the 7-day RSI at 51 indicates a more neutral stance, suggesting that the asset may be consolidating after recent price movements.

Over the past week, MORPHO has increased by approximately 0.45%, while the 14-day and 30-day price changes show declines of 1.35% and 15.71%, respectively. This reflects a longer-term bearish trend, countered by recent bullish activity, indicating a potential reversal.

The all-time high for MORPHO is $4.17, achieved on January 17, 2025, which highlights significant upside potential from current levels. However, given the recent price fluctuations and the current RSI readings, caution is warranted for immediate trading decisions.

Considering the technical indicators and recent price action, a "Hold" rating is recommended. The bullish short-term indicators support potential further gains, but the longer-term trends suggest the need for patience until clearer upward momentum is established.