MORPHO surged 17.8% in 24 hours as traders rotated capital into decentralized finance assets amid a broader sector rally. On Binance, top traders maintained a bearish stance with 56.55% short accounts versus 43.45% long accounts, resulting in a Long/Short Ratio of 0.77. The price reached $2.929 resistance before retreating to $2.774, with $2.304 emerging as key support for the breakout structure. RSI hit 74.64, indicating overbought conditions, while MACD remained bullish at 0.169 against a signal line at 0.082. Taker sell dominance persisted in both spot and futures markets over 90 days, potentially challenging further upside attempts.
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