Morpho price soars 15% but can bulls cement gains above key level?

• Morpho price jumped 15% to intraday highs of $1.83 to lead altcoin gainers.
• Morpho’s token has risen since touching lows of $1.02 on February 5, 2026.
• However, overbought RSI levels above 70 indicate a possible consolidation or pullback.

Morpho (MORPHO) price has surged 15% in the past 24 hours, reaching a high of $1.83.

The move sees the real-world assets-focused crypto platform solidify its latest bullish flip, with bulls extending control above a pivotal technical threshold.

MORPHO is trending higher despite broader market weakness.

Morpho’s price surges, up 64% year-to-date

Morpho’s token has risen since touching lows of $1.02 on February 5, 2026, during the recent sharp downturn in the cryptocurrency market.

While most altcoins have remained under pressure, Morpho has moved into a new upward trend.

The token has rebounded about 15% to around $1.83, translating into a weekly gain of roughly 22% and a year-to-date increase of about 64.

Much of this performance has been linked to growing demand for its vault products.

The latest rally follows earlier bullish signals driven by Morpho’s expanding presence in the real-world asset (RWA) ecosystem.

As Wall Street firms and other institutional investors increase their engagement with blockchain-based infrastructure, Morpho has emerged as a key platform in this segment.

Deposits on the lending network have risen sharply, supported by the growing adoption of on-chain payments, tokenized assets, and lending activity.

An extremely large set of RWAs is now on @Morpho‘s platform.

— Paul Frambot 🦋 (@PaulFrambot) February 24, 2026

Price momentum in recent weeks also comes as the token attracts attention, with Apollo Global pledging to acquire up to 90 million tokens over the next 48 months.

The latest bounce may also relate to Morpho Markets and vaults going live on Celo.

Intraday volumes have increased sharply to over $45 million.

MORPHO price analysis

The uptick from lows of $1.02 has MORPHO trading above a multi-month descending trendline that links to the highs of $2.80 reached in August 2025.

Bulls are showing conviction as price holds above the 50-day and 200-day exponential moving averages (EMAs).

Notably, oscillators are hovering neutral-buy and moving averages have flipped to “strong buy.”

As such, trading well clear of the 200 EMA at roughly $1.51 cements the uptrend potential.

Bulls are also looking at a hint of a golden cross, with buy-side bias from key technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

A sustained close above $1.76, which aligns with prior resistance from May 2025, could propel MORPHO toward $2.15-$2.35.

Next resistance levels lie around $2.80-$3.20.

However, the RSI is in overbought territory above 70, and while not overextended, it suggests a reversal may halt the uptick.

Downside protection could be at $1.50, backed by the 200 and 50-day EMA cluster.

The area around $1.10 and $1.02 offers a strong buy zone.