MORPHO jumps 10% and reclaims key EMAs – Is THIS next?

Morpho [MORPHO] staged a strong recovery after bouncing from trendline support that had held for months. The rebound followed a bearish push amid broader market panic after the Binance hack. Following a 10% daily price surge, the token recovered from the $2.07 zone and reclaimed several moving averages. It climbed above its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) as buying pressure returned. With trading activity picking up, could buyers keep the recovery going toward the next swing high at $2.56? Why is MORPHO trading activity rising? Morpho’s trading activity accelerated across Spot and Futures markets over the past 24 hours. Spot Volume surged 266% to $97.49 million, while Futures Volume jumped 160% to $15.83 million. The increases pointed to greater participation across both markets.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.