The MORPHO token surged 10% from the $2.07 support zone and reclaimed its 50-day, 100-day and 200-day exponential moving averages. Trading activity increased sharply, with spot volume rising 266% to $97.49 million and futures volume climbing 160% to $15.83 million. The recovery comes ahead of a scheduled token unlock on November 20 worth approximately $2.33 million, which could create selling pressure if recipients liquidate their tokens. If the price holds above the reclaimed moving averages, it could test the previous swing high of $2.56; a drop below those levels would bring the $2.07 support zone back into focus. Higher volume indicates greater market participation but does not, on its own, establish whether buyers or sellers are in control.
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