MORPHO Technical Analysis Jan 21

MORPHO’s current price is at the $1.15 level, trading near the $1.1400 support zone. Strong buyer pools are expected at the primary support $1.0747, while the $1.1780 resistance is critical for short-term testing.

Current Price Position and Critical Levels

MORPHO is consolidating at the $1.15 level within the general downtrend. The 24-hour range remained limited between $1.12-$1.18 and volume is low at $7.98M. Price continues to stay below EMA20 ($1.26), giving bearish signals; although RSI 39.34 is approaching oversold, momentum is weak. The Supertrend indicator is bearish and points to $1.37 resistance. 8 strong levels were detected across multiple timeframes (1D/3D/1W): 2 supports/1 resistance on 1D, 1 support/3 resistances on 3D, 2 supports/3 resistances confluence on 1W. This structure makes it difficult for price to break upwards without testing the main support at $1.0747. Historically, similar consolidations have resulted in liquidity hunts.

Support Levels: Buyer Pools

Primary Support

$1.0747 (Strength Score: 78/100) – This level stands out as MORPHO’s most critical buyer region. Why? Strong order block formation observed on 1D and 1W timeframes; price was rejected here multiple times (3 tests) and defended with high-volume candles. There’s also demand zone confluence on the 3D chart – it aligns with October 2025 lows. According to volume profile analysis, delta is positive in this region (buyers dominant). It also overlaps with EMA50 (around $1.08). In case of breakdown, momentum accelerates toward $1.05 for liquidity grab; invalidation below $1.06. This level is a point where big players (whales) accumulate liquidity for stop hunts – it has delivered +15% bounces in the past.

Secondary Support and Stop Levels

$1.1400 (Strength Score: 65/100) – Immediately below the current price, short-term support. Aligns with the latest swing low on 1D and fib 0.618 retracement. Although volume shows a slight increase, it tested the 24h low at $1.12 – this is secondary buyer pool. Stop-loss recommended below $1.12; below that, momentum accelerates to $1.0747. This level functions as a mitigation block in order flow; price defended it twice with rejection wicks. Invalidation below $1.13 – this is a liquidity pool.

Resistance Levels: Seller Pools

Near-Term Resistances

$1.1780 (Strength Score: 72/100) – Closest seller region, coinciding with the 24h high. Supply imbalance and breaker block on 1D; price rejected here on 4H (long upper wicks). Selling pressure increased with volume spike. For breakout, close above $1.19 required; otherwise, fakeout risk is high. It will be tested before approaching EMA20 ($1.26).

Main Resistance and Targets

$1.26-$1.37 Range – Main resistance cluster: EMA20 $1.26 (1D/3D confluence), Supertrend $1.37 (1W resistance). Overlaps with historical pivots (November 2025 highs) and fib 0.382 extension. Seller delta negative on volume – large sell orders expected. Upper target $1.6600 (low score but HTF supply zone); reaching it requires BTC support. For invalidation, breakout above $1.37 opens +20% upside. This region is ideal for liquidity sweeps – past breakouts confirmed with 10% retrace.

Liquidity Map and Big Players

MORPHO’s liquidity map shows clustered stops squeezed between $1.12-$1.18. Big players (whales per CEX data) may target long stops below $1.0747 – this opens low-score downside to $0.5906. Above, $1.1780-$1.26 has short stop liquidity; risk of dump after sweep. Order blocks filled with bullish FVG at $1.0747, bearish imbalance at $1.1780. On HTF (1W), equal highs/lows pull liquidity to $1.37. Volume analysis: Low spot volume ($7.98M) susceptible to manipulation; rising futures/open interest signals sellers. Strategically, hold at $1.0747 means accumulation, breakdown means distribution.

Bitcoin Correlation

BTC in downtrend at $89,754 (-1.44%), Supertrend bearish. Main supports $88,308 / $86,669 – if broken, cascade selling triggers in altcoins (including MORPHO). Resistances $90,221 / $92,493; BTC bounce pushes MORPHO to $1.1780. Dominance increase crushes alts – MORPHO BTC pair at 0.0000128, BTC below $88k forces $1.05 test. Watch: BTC above $90k = MORPHO short-covering opportunity.

Trading Plan and Level-Based Strategy

Bull Scenario: $1.1400 hold + $1.1780 breakout → Long $1.18, targets $1.26 / $1.37 (R/R 1:3). Stop $1.12. Details for MORPHO Spot Analysis.

Bear Scenario: $1.1400 breakdown → Short $1.14, targets $1.0747 / $0.5906 (R/R 1:4). Stop $1.19.

Futures-Focused: Leverage strategies in MORPHO Futures Analysis. Overall outlook: Cautious until support test, await confluence breakout. This is a level-based view – adapt to personal risk management.