MORPHO rises 6.62% on Oct. 31, but trend change is unconfirmed
BROBROK News · Based on reporting by DiarioBitcoin ·
MORPHO gained 6.62% to trade at $2.14, but the move does not yet confirm a trend reversal. Volume stayed below the 30-day average and the MACD remained bearish, pointing to a rebound that still lacks strong confirmation.
Key points
- MORPHO traded at $2.14 after a 6.62% daily gain
- Volume of $20.56 million was below the 30-day average
- Price is above the SMA-7 and SMA-200, but below other key moving averages
- RSI at 43.6 and a negative MACD suggest weak momentum
- Growth in real-world asset deposits may be a supportive factor, but it was not confirmed as the cause
Why it matters
For crypto investors, this is an example of a price bounce without clear evidence of a durable trend shift. Weak volume and mixed technical signals suggest the move needs further confirmation before it can be read as sustained strength.
Original headline: “Morpho (MORPHO) sube 6,62% el 31 de octubre: el rebote aún no confirma un cambio de tendencia”
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.