MORPHO has recently exhibited a significant surge, outperforming the broader market and positioning itself at a critical technical juncture. A confluence of robust technical signals, aggressive buyer activity, and growing conviction in derivatives markets suggest a potentially decisive moment for its price trajectory.
Technical Momentum Builds
The cryptocurrency has successfully completed a double-bottom formation, firmly defending the $1.07 demand zone and now decisively pressing against the $1.42 neckline, which coincides with a significant supply region. Sustained acceptance above this $1.42 level would likely pave the way for a rally towards the next major resistance at $1.80. Complementing this structural recovery, the MACD has rotated into positive territory with expanding green bars, while the Parabolic SAR has flipped below the price, collectively reinforcing a strong shift towards bullish momentum and short-term trend reversal.
Aggressive Buyers and Leveraged Conviction
Beyond technical indicators, MORPHO's rally is underpinned by dominant buyer activity, as evidenced by persistent aggressive market orders on the 90-day Spot Taker CVD and a significant increase in trading volume. This buyer conviction extends into the derivatives market, with Open Interest surging by nearly 26% and the OI-Weighted Funding Rate turning positive, indicating a strong long bias and growing leveraged participation. This aligns with the broader altcoin season narrative, where capital is rotating into higher-beta assets, further bolstering MORPHO’s strong performance relative to the market.
