base-pidgin

Morpho (MORPHO) has reached a new all-time high of $3.61 and is expected to continue its uptrend, targeting $4.9. Key highlights:

- The $3-$3.2 zone is expected to serve as a demand zone in case of a retest, presenting a buying opportunity.
- Bitcoin's (BTC) price movement will influence MORPHO's trajectory, with a sustained BTC drop below $91.5k potentially hurting MORPHO's bullish chances.
- The 12-hour chart shows a strongly bullish market structure, with buyer dominance evident on the OBV.
- The MACD indicates upward momentum without signs of bearish divergence or an overextended market.
- The next Fibonacci extension targets are $4.24 and $4.9.
- Lower timeframe support zones to watch include $3.18 and $3.28.