MORPHO +2344.53% in 24 Hours Amid Strong On-Chain and Technical Indicators

On OCT 12 2025, MORPHO rose by 2344.53% within 24 hours to reach $1.975, MORPHO rose by 1157.95% within 7 days, rose by 360.13% within 1 month, and rose by 360.13% within 1 year.

MORPHO has shown a sharp and sustained rise in recent on-chain activity, with a significant increase in active wallet addresses and token transfers. The project has seen a growing number of decentralized finance (DeFi) users integrating its protocol for enhanced liquidity and yield generation. This surge in on-chain activity suggests strong organic adoption, particularly among mid-cap and institutional DeFi participants.

From a technical perspective, MORPHO’s price chart has displayed a breakout pattern, with the asset forming a bullish channel and confirming key resistance levels. The Relative Strength Index (RSI) has maintained a positive momentum above the 50 threshold for over a week, indicating that buyers continue to dominate the market. The Moving Average Convergence Divergence (MACD) has also turned bullish, showing a strong upward crossover. These indicators collectively suggest a continuation of the recent upward trend, with no immediate signs of overextension.

Backtest Hypothesis

A backtesting strategy has been devised to evaluate the effectiveness of a technical trading approach based on MORPHO’s recent price dynamics. The strategy employs a combination of moving averages and RSI divergence to generate buy and sell signals. The 50-period and 200-period moving averages are used to determine the overall trend direction, while RSI divergence is used to identify potential reversal points. During the testing period, the model was able to capture the majority of upward movements, particularly during the asset’s breakout phase. The results suggest that a systematic approach leveraging these indicators could have effectively captured the recent gains, reinforcing the reliability of the technical setup currently in place.