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Home/News Feed/MORPHO breaks out of multi-year triangle, targets $2.65 and $3.91 after clearing $1.87 resistance

MORPHO

Rp37,675

-Rp73 -0.19%

MORPHO breaks out of multi-year triangle, targets $2.65 and $3.91 after clearing $1.87 resistance

Technical Signals

19 Apr 2026

Blockonomi

View Source

Bullish

MORPHO token has broken out of a multi-year symmetrical triangle pattern, surpassing the key resistance level at $1.87, signaling the end of its accumulation phase. The breakout suggests a new upward trend with initial price targets set at $2.65, matching August 2025 highs, and a secondary target at $3.91 if bullish momentum continues. A potential retest near $1.70 may offer a buying opportunity, while a stop loss at $1.57 is recommended to manage risk. This breakout is significant as it indicates renewed buying interest after a long consolidation period.

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