MORPHO +28.11% in 24 Hours Amid Technical Rebound

On OCT 8 2025, MORPHO rose by 28.11% within 24 hours to reach $1.78, MORPHO dropped by 535.81% within 7 days, dropped by 535.81% within 1 month, and dropped by 535.81% within 1 year.

The recent upward swing in MORPHO follows a sharp sell-off that had driven the token to multi-month lows. The rebound has been attributed to a combination of short-term technical indicators and renewed trading interest among smaller liquidity pools. Traders and analysts have noted a divergence between the recent price action and the broader bearish trendline, suggesting a potential reversal in investor sentiment.

Technical indicators suggest a retesting of key support levels. The 24-hour increase saw MORPHO move above its 200-period moving average for the first time in weeks. Additionally, the Relative Strength Index (RSI) has shown signs of stabilizing after months of declining momentum, raising the possibility of a short-term consolidation phase. Analysts project that this could signal a temporary pause in the downtrend, though long-term bearish fundamentals remain intact.

Backtest Hypothesis

Given the recent price dynamics, a backtesting strategy is being evaluated that focuses on identifying short-term trading opportunities within the context of a broader bear trend. The strategy is designed to capture potential rebounds off key support levels while maintaining risk discipline by setting stop-loss triggers at recent swing lows. It incorporates a dynamic approach where positions are scaled in proportion to volatility and exit signals are generated based on RSI divergence and candlestick pattern validation. The hypothesis is that such a method could allow traders to capitalize on transient price corrections without exposing capital to the long-term bearish trajectory of the underlying asset.