Based on today's classical pivot point (P1) with the value of $1.87, Morpho has support levels of $1.77, $1.63, and the strongest at $1.53. Similarly, Morpho resistance levels are at $2.00, $2.11, and $2.24.
| # | Price | Strength |
|---|---|---|
| S1 | $1.77 | |
| S2 | $1.63 | |
| S3 | $1.53 |
| # | Price | Strength |
|---|---|---|
| R1 | $2.00 | |
| R2 | $2.11 | |
| R3 | $2.24 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 48.63 | NEUTRAL |
| Stoch RSI (14) | 62.02 | NEUTRAL |
| Stochastic Fast (14) | 43.64 | NEUTRAL |
| Commodity Channel Index (20) | -51.55 | NEUTRAL |
| Average Directional Index (14) | 17.83 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.24 | NEUTRAL |
| Momentum (10) | -0.27 | NEUTRAL |
| MACD (12, 26) | -0.03 | NEUTRAL |
| Williams Percent Range (14) | -56.36 | NEUTRAL |
| Bull Bear Power (13) | -0.03 | BUY |
| Ultimate Oscillator (7, 14, 28) | 42.24 | NEUTRAL |
| VWMA (10) | 1.85 | BUY |
| Hull Moving Average (9) | 1.68 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 2.00 | NEUTRAL |
Over the past 7 days, Morpho price was most positively correlated with the price of Cosmos (ATOM), Curve DAO Token (CRV), Immutable X (IMX), Chainlink (LINK) and XDC Network (XDC) and most negatively correlated with the price of Monad (MON), JUST (JST), Beldex (BDX), Telcoin (TEL) and Sun Token (SUN).
| Name | Correlation |
|---|---|
| Cosmos | 0.884 |
| Curve DAO Token | 0.876 |
| Immutable X | 0.864 |
| Chainlink | 0.822 |
| XDC Network | 0.819 |
| Name | Correlation |
|---|---|
| Monad | -0.151 |
| JUST | -0.148 |
| Beldex | -0.130 |
| Telcoin | -0.058 |
| Sun Token | -0.024 |
Morpho price is positively correlated with the top 10 coins by market cap with a price of 0.574, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.571.
Currencies that are positively correlated with Morpho indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Morpho, a move in one direction for Morpho would translate into a move in the opposite direction for the negatively correlated coin.
