Morpho (MORPHO) is currently priced at $1.42, reflecting a 24-hour decline of 5.17%. The price has fluctuated between a high of $1.50 and a low of $1.42 over the past day, indicating minimal volatility with a daily range of just 0.08%.

Trading volume stands at approximately 18.86 million, with a volume-to-market cap ratio of 2.43%. The hourly moving averages indicate bearish momentum, with the 8 SMA at $1.46 (-2.51%), 13 SMA at $1.45 (-2.24%), and 21 SMA at $1.46 (-2.93%), while the 55 SMA at $1.44 shows a less pronounced decline of -1.63%. However, the 144 SMA indicates a positive trend at $1.36 (+4.17%).

The current 1-hour RSI is at 32, suggesting that MORPHO is in oversold territory, while the 7-day RSI at 58 indicates a more neutral to bullish sentiment. Over the past week, the price has increased by 28%, and over the last 14 days and 30 days, it has seen gains of approximately 19.75% and 14.35%, respectively.

Despite the recent pullback, the longer-term price trends suggest a bullish momentum over the previous weeks. The all-time high of $4.17 reached in January 2025 remains a significant target, but current trends indicate that the market is correcting after a strong upward movement.

Given the mixed indicators—bearish short-term moving averages and an oversold RSI—coupled with a solid performance over the past month, the recommendation is to Hold. This strategy allows investors to reassess market conditions while potentially capitalizing on a recovery as the price stabilizes.