Decentralized lending protocol Morpho’s native token MORPHO has risen approximately 15% in the past 24 hours, successfully breaking through the previous consolidation range. Unlike a simple price surge, this round of increase is accompanied by multiple on-chain indicators improving simultaneously, indicating that genuine funds and user behavior are supporting this market trend. The market is beginning to reassess MORPHO’s medium-term potential.
From on-chain data, Morpho’s total value locked (TVL) has risen in tandem with the token price. According to DefiLlama statistics, the amount of assets locked within the protocol has recently increased significantly, suggesting that funds are more inclined to stay within the protocol to earn yields rather than frequently circulating in the secondary market. Historical experience shows that altcoins driven by sentiment tend to rise and fall quickly, whereas projects supported by user participation and capital accumulation are more likely to establish relatively lasting trends.
Another key signal is the 90-day average token age increasing. Even amid a rapid price increase, the token circulation speed has not noticeably accelerated, indicating that many holders are choosing to continue holding rather than short-term profit-taking. This “rising price, stagnant tokens” structure often alleviates selling pressure and creates conditions for the trend to continue.
On the technical side, the stochastic RSI has rebounded from oversold territory, showing that bullish momentum is recovering. In the short term, a slight pullback or sideways movement after the rapid price increase is not surprising; the key is whether the support around $1.1 can hold steady. If this level remains defended, the market may test the potential resistance at around $1.4.
Against the backdrop of the DeFi sector gradually warming up, MORPHO’s TVL growth, improved token holding structure, and strengthening momentum indicators together form a relatively solid bullish foundation. As long as funds and user confidence do not experience a significant reversal, this price movement of MORPHO may not be just a fleeting moment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Community Split on CLARITY Act as Sell-the-News Skepticism Rises
While the CLARITY Act has garnered unprecedented institutional backing—including support from the White House, Coinbase CEO Brian Armstrong, and Senator Cynthia Lummis—the XRP community is divided on whether the legislative momentum represents a genuine catalyst or a "sell-the-news" trap. Reddit and
CryptoFrontier2h ago
DeFi Hack Triggers $9 Billion in Outflows from Aave as Stolen Tokens Used as Collateral
A recent hack draining nearly $300 million from a crypto project led to a liquidity crisis on Aave, causing users to withdraw around $9 billion. Concerns over collateral quality prompted mass withdrawals, highlighting risks in DeFi lending.
GateNews3h ago
Crypto Expert Claims Altseason Peak Is Just Starting, XRP Could Lead With Explosive Gains
Crypto expert claims altseason peak is just starting.
The price of XRP could lead with explosive gains soon.
Several altcoin assets are showing steady bullish signals.
The crypto market has seen very slow growth in altcoin prices this bull cycle. While the price of Bitcoin (BTC), the
CryptoNewsLand3h ago
Tensions around the Strait of Hormuz have been fluctuating, and Bitcoin falls below $74,000
The Strait of Hormuz blockade triggers a major shock in the crypto market: after Bitcoin first breaks above $78,000, it then falls back to $74,000, and the market remains in panic. This article provides an in-depth analysis of the transmission mechanism between geopolitical shocks and crypto market price action.
GateInstantTrends4h ago
Crypto Jack Warns Bitcoin May Drop to $48K Amid Geopolitical Tensions
Crypto trader Crypto Jack warns investors to sell Bitcoin, predicting a decline to $48,000 amidst US-Iran tensions and negative financial signals, before a potential recovery in May based on seasonal trends.
CryptoFrontier5h ago
Bitcoin’s fourth halving rally is slowing down, analysts say: BTC may have entered a “new normal”
Investment firm Galaxy analyst Alex Thorn noted that Bitcoin’s advance during this halving cycle has been lower than historical records, with volatility declining, and the market may be entering a new normal. Compared with the past three halvings, the fourth time’s price change is no longer significant. While the passage of U.S. spot ETFs has catalyzed the rally, the market’s ongoing conditions still need to be watched closely.
ChainNewsAbmedia6h ago
