Morpho (MORPHO) is currently priced at $1.13, reflecting a 24-hour decrease of 5.44%. The daily price range has been tight, with a high of $1.19 and a low of $1.10, indicating limited volatility in recent trading.

Volume stands at approximately 15.6 million, translating to a Vol/Market Cap ratio of 2.54%, suggesting moderate trading activity relative to its market capitalization. The hourly moving averages indicate a bearish trend, with the 8 SMA at $1.13 showing a decline of 0.25% and the 144 SMA at $1.18 reflecting a drop of 4.53%.

Technical indicators reveal a 1-hour RSI of 38, approaching the oversold territory, while the 7-day RSI at 46 suggests a lack of momentum. Additionally, the price has decreased by 3.22% over the past week and 13.35% over the last 30 days, highlighting a bearish trend in the short to medium term.

The all-time high for MORPHO was recorded at $4.17 on January 17, 2025, providing a long-term benchmark for potential recovery. However, given the current price action and the declining moving averages, the immediate outlook remains cautious.

Considering the current technical indicators, the persistent downtrend, and the lack of bullish momentum, a Sell rating is warranted. This recommendation is based on the current price action, significant price declines over various timeframes, and the bearish moving averages that indicate further downward potential.