Morpho cryptocurrency experienced a significant surge, with its price climbing by 15% to reach $1.83, leading the gains in the altcoin market.
This surge follows a positive trend for Morpho, with its token rebounding from a low of $1.02 on February 5, 2026, during a period of market downturn.
Despite the overall market weakness, Morpho has shown resilience and upward momentum.
Impressive Price Performance of Morpho
Since its low point in early February, Morpho has demonstrated a remarkable recovery, currently trading at around $1.83, marking a weekly gain of approximately 22% and a year-to-date increase of 64%.
The surge in Morpho’s price is attributed to the growing demand for its vault products and its expanding presence in the real-world asset (RWA) ecosystem.
Key institutional players, such as Apollo Global, have shown interest in acquiring substantial amounts of Morpho tokens, further boosting its market value.
Moreover, the integration of Morpho Markets and vaults on the Celo platform has driven increased trading volumes, surpassing $45 million.
Analysis of MORPHO Price Trends
Following the uptick from its low point, Morpho’s price has broken above a descending trendline and is currently trading above the 50-day and 200-day exponential moving averages (EMAs), indicating a bullish trend.
Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest a buy-side bias, with potential resistance levels at $2.15-$2.35 and $2.80-$3.20.
However, caution is advised as the RSI is in overbought territory, signaling a possible reversal in the near future. Support levels are identified at $1.50, with a strong buy zone at $1.10-$1.02.
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