Morpho Price Erases Its Breakdown in a Single 15% Candle

MORPHO traded at $2.40 at 17:04 UTC on Saturday, up about 15.2% or $0.32 on the day after rising to $2.51. It reclaimed its 200-day and 100-day moving averages in one session, while the 50-day average remained overhead. That rebound followed an October correction that pushed MORPHO below its 50-day at $2.42, 100-day at $2.31 and 200-day at $2.14; the low was near the 0.500 Fibonacci retracement at $1.98, just under $2.00 and the midpoint of its advance from a February low near $0.95 to a September peak around $3.01. The session opened at $2.08, reversed upward and stalled near the 0.236 Fibonacci level at $2.52; the daily session was still open, leaving the recovery unconfirmed.