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Morpho gains 10.3% as bullish momentum builds, eyeing a key resistance at $2.23 for further upside.

Technical Signals
24 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Morpho's price surged 10.3% driven by increased activity in the perpetual market, where long trades now make up 54% of volume and the long-to-short ratio is 1.27. Open interest and funding rates have risen, signaling strong bullish sentiment among investors. The asset is approaching a critical resistance level at $2.23; a break above this could lead to a 9.47% gain toward $2.36. Community sentiment is highly positive, with 38,700 investors unanimously bullish, supporting the potential for continued upward movement.

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