Crypto / MORPHO
MO
Morpho
$1.94
+0.00%
Past 3months
Trading vol50.09M
Market cap0.688B
Fully Diluted Valuation1.935B
Total Supply1B
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EdoardoTelve
MORPH/USDT – Testing Key Resistance, Potential Breakout Setup
Hey there! Date: August 21, 2025 MORPH/USDT is consolidating right below a critical resistance zone and appears to be preparing for a breakout. If confirmed, the upside potential is significant. 🔍 Technical Overview: Current Price: $2.35 EMA Levels: 4EMA: $2.11 50EMA: $1.87 100EMA: $1.65 200EMA: $1.57 The price is currently trading above all major EMAs, showing strong bullish alignment. 📊 Structure & Price Action: Price has been consolidating under the $2.35–2.40 resistance zone, repeatedly testing it. A clean horizontal resistance line is visible; a breakout above this level would unlock higher targets. The recent higher lows indicate buyers are in control and pushing price upward. 📉 Key Support Levels: $2.11 (4EMA dynamic support) $1.87 (50EMA) $1.65–$1.57 (deep retracement supports near 100/200EMA) 📈 Key Resistance & Target Zones: Immediate resistance: $2.35–2.40 Breakout target: $5.00 zone (major measured move target marked on chart) 📊 Indicators: RSI: 64.53 – In bullish territory but not overbought, leaving room for continuation. No volume data available on this chart, but the structure itself suggests accumulation near resistance. 🎯 Bullish Outlook: Trend: Bullish structure with higher lows and EMA alignment Breakout above $2.40 could trigger a sharp move toward $5.00 Pullbacks to $2.10–$2.00 may offer good re-entry opportunities for continuation traders 📉 Invalidation: A rejection and breakdown below $1.87 would weaken the structure Loss of the $1.65–1.57 zone would invalidate the bullish breakout setup Good Trading :-)
7:54 AM · Aug 21, 2025
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