Morpho (MORPHO) is currently priced at $1.086, reflecting a decline of 2.90% over the past 24 hours. The asset has experienced a daily trading range between $1.088 and $1.16, indicating a low level of volatility with only a 0.072% daily range.

The volume for the past 24 hours stands at approximately 13.03 million, representing 2.19% of the market capitalization, which suggests moderate trading activity. However, the moving averages indicate a bearish trend, with the 8 SMA at $1.13 showing a 4.00% decrease, and all other SMAs also reflecting declines, reinforcing the downward price momentum.

The Relative Strength Index (RSI) metrics indicate a significant bearish sentiment, with the 1-hour RSI at 9, suggesting the asset is heavily oversold in the short term. The 7-day RSI at 47 indicates that the asset is nearing a neutral position, yet the 7-day price change of -16.67% and longer-term declines of -9.69% (14-day) and -17.31% (30-day) confirm ongoing bearish pressure.

Given the current price, negative momentum across multiple time frames, and low RSI readings, Morpho is not in a strong position for recovery in the immediate term. With the all-time high recorded at $4.17, the current valuation presents significant downside risk compared to its historical peak.

Based on this analysis, I recommend a Sell rating for Morpho (MORPHO) due to the consistent downward trends, weak volume relative to market cap, and extreme oversold conditions that may lead to further declines before any potential recovery.