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#MORPHO Through data analysis from Aice100, it can be seen that when $MORPHO price is around $1.8356, the 24-hour price change is -3.85%.
Most likely, it’s a gentle pullback, the trend isn’t fully confirmed yet, let’s see if the support holds below.
However, there is a risk; based on my data, short positions account for 69%, so don’t rush to buy the dip before the weakness ends.
Do not break $1.7805, as breaking it could lead to further risk spreading; $1.8815 is the first level for recovery.