Can $MORPHO go to the moon?

MORPHO is currently in an accumulation phase and starting to show signs of breaking the downtrend line, which could confirm a new bullish wave. This setup is suitable for those who prefer safety with moderate profit potential.

After a strong downtrend, MORPHO has been forming an accumulation pattern with a clear ABC corrective structure (following Elliott Wave theory). The spring phase has already played out around the $1.20 area, with price bouncing back and now retesting the descending trendline.

• If MORPHO can break out above the $1.43 zone, it could trigger a strong upward move, with the next targets at $1.605 and $1.73, and a further target at $2 if momentum continues.
  
• The risk/reward ratio is attractive (nearly 3:1), with a tight stop loss just below $1.32.
  
• RSI is recovering but not overbought, and volume remains steady.
  

Ideal scenario: A breakout above the trendline would confirm a new bullish wave—consider buying if the breakout is successful.