- MORPHO rebounds from $1.75 within its ascending channel, confirming bullish control as price targets the $3.20 zone supported by Fibonacci alignment.
- A sequence of higher lows from June through October reinforces upward momentum, with volume growth confirming renewed market participation and sustained demand.
- MORPHO records $7.5B TVL with market cap at $650M, reflecting undervaluation through a 0.086 MC/TVL ratio amid rising growth.
MORPHO is accelerating in bullish momentum after weeks of consolidation, with traders now eyeing the $3.20 level as the next key target.
Technical Breakout Toward Higher Levels
Ali chart noted that MORPHO rebounded from $1.75, aligning with the 0.786 Fibonacci retracement, and confirming a strong reaction from buyers. This recovery reinforced the ascending channel that has guided price action since May.
The breakout above $2.00 restored bullish dominance, positioning MORPHO near the channel’s median line at $2.40–$2.50. This short-term resistance zone now serves as the next checkpoint before further extension.
If momentum sustains, the following upside target falls between $3.00 and $3.20. This range coincides with the upper boundary of the channel and the 1.272 Fibonacci extension.
Structure and Momentum Reinforce the Uptrend
From June through October, MORPHO established a sequence of higher lows, a textbook formation confirming consistent market demand and reducing sell-side pressure.
The chart projection shared by Ali points to a potential two-phase advance. The initial wave is going to extend to $2.50, and the next sharp wave is to $3.20.
The channel structure is intact so long as MORPHO is above 1.90. Current trading activity and volume support the idea of continued upward momentum.
Metrics Reflect Growth and Valuation Trends
The protocol’s total value locked (TVL) has now climbed to $7.5 billion. Market capitalization sits at $650 million, while fully diluted valuation (FDV) stands at $1.8 billion.
Its MC/TVL ratio is currently 0.086, reflecting relative undervaluation compared to sector averages. Analysts expect FDV to gradually converge closer to TVL over time.
While incentive spending continues, meaning profitability is not yet achieved, dilution risks appear low in the near term. A future pivot toward sustainability could enhance long-term stability.
