Morpho Price Erases Its Breakdown in a Single 15% Candle

Key Takeaways MORPHO bounced from near the 0.500 Fib. 200-day and 100-day averages reclaimed in one candle. Rally stalled at the 0.236 Fib. 50-day near $2.42 is the last average overhead. MORPHO traded at $2.40 at 17:04 UTC on Saturday, up about 15.2%, or $0.32, on the day after reaching $2.51, according to the Binance MORPHO/USDT daily chart . A week of losses, then a floor October’s correction took MORPHO through all three of its main moving averages in quick succession: the 50-day at $2.42 first, then the 100-day at $2.31, and yesterday the 200-day at $2.14, the long-term trend…