Morpho Token priceMORPHO

📈 Why is the crypto market going up today? The crypto market is going up today, even as the geopolitical crisis in the Middle East escalated. Bitcoin (BTC) rose to nearly $70,000, while Ethereum (ETH) jumped to $2,065. Other top gainers were coins like Near Protocol, Morpho, Virtuals Protocol, Jupiter, and Pudgy Penguins. The market capitalization of all coins jumped to over $2.38 trillion. The crypto market rose as the economic impact of the ongoing war in the Middle East remained muted. For example, the Dow Jones Index retreated by just 140 points, while the Nasdaq 100 erased earlier losses and turned positive for the day. Crude oil price gains were also lower than expected, with Brent settling at $78 and the West Texas Intermediate rising to $73. The two benchmarks were expected to rise to over $100 as the war started. A likely reason for the crypto market rally is the inverse of buying the rumors and selling the news. In this case, investors dumped Bitcoin and other coins ahead of the war, and are now buying the news. At the same time, the crypto market is going up as traders predict that the United States, Iran, and Israel will reach a ceasefire in the near term. Odds of a ceasefire happening by March 31st rose to 46%. Similarly, the odds of it happening by April 30 rose to 66%. The crypto market is going up after the relatively strong US macro data. According to S&P Global, the manufacturing PMI rose from 50.4 in January to 51 in February. Another report by ISM showed that the manufacturing PMI rose from 51.7 to 52.4 in the same period. Meanwhile, Michael Saylor’s Strategy and Tom Lee’s BitMine continued accumulating Bitcoin and Ethereum last week. BitMine accumulated over 50k ETH, while Strategy bought over 3,000 Bitcoin. These purchases have continued even as these companies have experienced billions in losses. Still, there is also a likelihood that the ongoing crypto market rally is a dead-cat bounce. #Crypto

$MORPHO USDT Analysis Entry Zone: $1.80 – $1.85 Targets: $2.10, $2.25, $2.50 Stop Loss: $1.65 My Analysis: MORPHO is in a sustained bullish trend, trading at $1.922. The price is holding firmly above the MA 7 ($1.811), MA 25 ($1.796), and MA 99 ($1.601). A recent volume surge on February 25th established a new higher support floor, and the asset is currently testing local resistance near the $2.00 psychological level.

$MORPHO - Mcap 688.29M$ - 86% / 37.5K votes Bullish SC02 M5 - pending Long order. Entry lies within LVN and is not affected by any weak zone, with an estimated stop-loss around 1.12%. The uptrend is currently in its 96th cycle, with an amplitude of 5.71%. #TradingSetup #CryptoInsights

$MORPHO Entry: 1.750–1.800 Targets: TP1 1.950 TP2 2.100 TP3 2.300 SL: 1.680 My Analysis: Solid uptrend holding the MA 25 as dynamic support. Expecting a bounce toward previous highs as long as the 1.70 level holds.

$MORPHO Entry Zone: 1.84 – 1.88 Targets: TP1: 2.00 TP2: 2.15 TP3: 2.35 Stop Loss: 1.78 My Analysis: Clear bullish trend with price riding above all MAs (MA99 ~1.433, MA25 ~1.687, MA7 ~1.854 acting as dynamic support). Higher highs/lows, volume supporting the green candles on the breakout.