MORPHO falls and tests key technical support levels
BROBROK News · Based on reporting by DiarioBitcoin ·
MORPHO dropped to $2.11 and is trading below key moving averages, including the 200-day SMA. The protocol’s growing RWA-linked deposits and lending activity remain a fundamental offset, but no clear trigger has been confirmed for the move.
Key points
- Price is at $2.11, with a reported daily drop of 2.93%.
- The token is trading below the 7-, 30-, 50- and 200-day SMAs, among others.
- RSI at 42.5 and a bearish MACD point to weak momentum.
- Volume is slightly above the 30-day average, but not enough to confirm accumulation or capitulation.
- RWA deposit and lending growth supports the fundamental case, though it does not explain the price move.
Why it matters
For crypto investors, the story shows a token under short-term technical pressure while its protocol usage continues to grow. With no confirmed catalyst, the move appears driven more by market structure than by a specific news event.
Original headline: “Morpho cae 2,93% y pone a prueba soportes clave el 31 de octubre de 2026”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.