Standard Chartered initiates coverage with a target of $60! $MORPHO Can you follow at 2.1?



Guys, Standard Chartered has initiated coverage on MORPHO with a $60 price target, seeing a 33x increase by the end of 2030. This news is quite significant.

News side:
Standard Chartered officially rates it with a $60 target, core logic being tokenized traditional financial assets entering DeFi. Big institutional endorsement + clear long-term narrative, boosting confidence significantly.

Technical side:
Current price 2.1, running along the upper Bollinger Band at 2.187, bullish trend strong.
RSI at 66.97, approaching overbought territory, short-term consolidation needed.
Resistance above: 2.19, break above to see 2.30.
Support below: 2.07, strong support at 1.95.

Gongming’s view:
Long-term logic is solid; the $60 target is not just thrown out randomly. But short-term RSI is high, chasing up could lead to being trapped. Long-term direction is bullish, better to wait for a pullback before entering.

Strategy:
Conservative: wait for a pullback to the 2.07-2.09 range to go long. Aggressive: go long lightly around current price 2.1.
First target 2.2, second target 2.3.
Standard Chartered’s rating is a long-term positive, short-term there may be opportunities for pullbacks.

#非农数据倒计时 #Circle股价重挫17%
MORPHO14.07%
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