#比特币对比代币化黄金 $MORPHO 's performance today was less than ideal, quoted at $1.3468, with a single-day drawdown of 5.64%. During the session, it fluctuated between $1.3403 and $1.42898. Trading volume was 22.64 million, which is relatively light, and there is still quite obvious short-term pressure.

Currently, the market cap stands at $292 million, with a circulating supply of about 217 million tokens. The 50-day moving average is at $1.79051, and the price is clearly underperforming the moving average. The highest price this year reached $4.17257, while the lowest was $0.63641, indicating considerable volatility. The MORPHO/USDT trading pair on a major exchange shows that recently, the price has mainly been oscillating between $1.34 and $1.40, moving down in tandem with the broader market.

From a technical perspective, the RSI indicator is relatively neutral but showing signs of weakening. Support is at $1.34–$1.3403, with resistance around $1.40–$1.43. If it can break above $1.43 with increased volume, there’s a chance to test $1.45; otherwise, it may retest $1.30. Although there is some short-term upside potential, volatility is high, so it's recommended to assess in conjunction with BTC's performance and avoid blindly chasing rallies.