Morpho Poised for Strong Move as Base DeFi Activity Expands Further

Morpho has seen a strong recovery in recent days after hitting a mid-September low near $2.01.

The token's price rebound pushed it toward recent highs, with buying pressure strengthening and short-term momentum improving.

According to crypto analyst Bitcoin Meraklisi, Morpho is close to another potential rise, with three sequential targets in focus at $3.42, $4.38, and $5.46.

The token's technical structure remains bullish, with it moving above key exponential moving averages and the 20-day moving average of around $2.38556.