Morpho [MORPHO] has surged 15% in the past 24 hours, at press time, breaking out of its recent consolidation phase.
Beyond this bullish technical move, several long‑term metrics have also strengthened, suggesting the rally may extend beyond short‑term speculation.
The key question now is whether this momentum signals a sustained long‑term run or if the token is poised for a short‑term correction.
TVL is rising along with the recent bullish price action
A notable change is in Morpho’’s Total Value Locked (TVL). Recent DefiLlama data shows that the number of tokens locked has risen in step with the surging prices.
This suggests that capital from Morpho investors is flowing into the protocol rather than circulating across the exchanges.
As observed from previous similar scenarios, most altcoins’ rallies that entirely depended on price action faded quickly, while those backed by growing usage often lasted longer.
In this case, the Morpho TVL expansion points to renewed investor confidence in the network, and the current bullish run could be in for the long game.
Source: DefiLlama
Holders appear in no rush to exit
Another subtle but important signal comes from the 90-day Mean Coin Age, which has also increased.
Simply put, Morpho tokens are moving less, even as the price rises. That usually implies holders are choosing to sit tight rather than sell into strength.
When the Mean Coin Age rises during a rally, it signals accumulation and conviction rather than distribution. This trend can ease immediate selling pressure, giving the price more room to stabilize and potentially extend its upward move in the near term.
Source: Santiment
So, can momentum continue?
Taken together, the data paint a constructive bullish picture. Rising TVL suggests commitment, while increasing Mean Coin Age points to patience among holders. Both support the token’s longer-term bias.
That said, a consistent bullish move is never guaranteed. After a 15% daily gain, some cooling or consolidation would not be unusual. The key question is whether buyers continue to defend recent levels.
However, Morpho’s latest rally looks better supported as long as the resistance zone at around $1.1 still holds than a typical short-term spike.
If long-term confidence continues to build, the bullish momentum could extend to hunt for liquidity above the $1.4 resistance level.
For now, the market seems willing to give the move the benefit of the doubt to the bulls. Moreso, given that the stochastic RSI is just bouncing off an oversold zone.
Source: TradingView
Final Thoughts
- Morpho prices record significant gains as TVL rises alongside the price surge.
- The token’s 90-day mean coin age has spiked, highlighting holders’ reluctance to quick shorts.
