MORPHO jumps 16% as leverage and buyer demand build; $1.80 breakout possible
MORPHO (MORPHO) climbed 16% in 24 hours to $1.40 with trading volume rising to $41.25M and market cap near $532.8M, signaling renewed capital inflows and stronger participation. Price completed a double-bottom after defending $1.07 twice and reclaimed the $1.42 neckline, which now overlaps a supply zone. Technical indicators support bullish momentum: MACD turned positive with expanding histogram, Parabolic SAR flipped below price, and 90-day Spot Taker CVD shows dominant buyer aggression. Derivatives metrics confirm growing conviction — Open Interest jumped ~26% to $29.8M and OI-weighted funding is slightly positive (~0.005%), implying longs are paying shorts. The article argues that sustained acceptance above $1.42 would likely expose the next major resistance near $1.80, while failure to hold the neckline risks a fall back to $1.07. Key SEO keywords: MORPHO, MORPHO price, breakout, Open Interest, funding rate, MACD, Parabolic SAR, taker volume.
Bullish
Multiple on-chain and technical indicators align with a bullish case. Price structure completed a double-bottom with a decisive reclaim of the $1.42 neckline, MACD and Parabolic SAR confirm momentum expansion, and taker CVD shows buyers executing aggressively. Derivatives metrics — a ~26% rise in Open Interest and mildly positive funding — indicate leveraged longs are returning, which tends to amplify directional moves if the breakout holds. Historically, similar setups (structure + rising OI + positive funding) often lead to sustained continuations toward the next supply zone, but they also raise the potential for larger liquidations if resistance rejects price. Short-term implication: increased volatility and higher probability of a breakout attempt toward $1.80; traders should watch $1.42 as the decisive level and manage leverage size and stop placement to avoid liquidation risk. Long-term implication: if MORPHO secures acceptance above $1.42 with continued volume and funding support, market psychology could shift more permanently bullish, attracting further capital. Conversely, a rejection would likely push price back to the $1.07 demand area and could trigger deleveraging.