MORPHO defended the $2 support level for over a month as seed allocations and rising TVL strengthened underlying demand. Morpho’s TVL surged to $10.24 billion while Arc Mainnet launched with infrastructure spanning lending, borrowing, liquidity, payments, and tokenized assets, expanding the protocol’s utility prospects. On Binance, top traders maintained 69.51% long exposure, more than double the short positions, signaling persistent bullish conviction despite the price correction. The token trades around $2.12 above the $2 support, with recovery targets at $2.304 and $2.611 before a potential retest of the $3 level.
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