Morpho (MORPHO) is currently trading at $1.24, reflecting a 24-hour decline of 3.59%. The asset reached a daily high of $1.30 and a low of $1.23, indicating a relatively narrow daily trading range of just 0.07%.

The trading volume stands at 15,617,199, which represents 2.33% of the market cap, suggesting moderate liquidity. The short-term moving averages indicate bearish momentum, with the 8, 13, and 21 SMA showing declines of approximately 3% to 2.75%, while the 55 SMA has remained flat, reflecting slight stabilization.

The 1-hour RSI is at 36, indicating that Morpho is nearing oversold territory, while the 7-day RSI at 40 supports this sentiment. Both the 7-day and 14-day price changes are negative, at -15.65% and -18.57% respectively, suggesting a continued bearish trend over the past two weeks.

The 30-day price change shows a significant decline of 37.58%, reinforcing the downtrend in Morpho's price action. The asset remains significantly below its all-time high of $4.17, achieved on January 17, 2025, highlighting its current price weakness.

Given the prevailing bearish indicators, including the short-term moving averages and the RSI readings, the current momentum suggests that a recovery may not be imminent. Therefore, the recommendation is to Hold, as the asset may need further consolidation or a bullish reversal signal before considering a Buy.