Morpho Surges on DeFi Rotation, But Can Rally Survive Bearish Pressure?

Morpho [$MORPHO] surged 17.8% in the past 24 hours, largely due to traders shifting their focus towards decentralized finance (DeFi) assets.

The broader DeFi interest also lifted other tokens like Ethena [ENA] and Aave [AAVE], creating a supportive sector backdrop for Morpho's rally.

However, top traders on Binance maintained a bearish stance, with short accounts accounting for 56.55% of the tracked positioning, while long accounts made up only 43.45%.

This contrasted with Morpho's price increase and rising trading volume, but buyers were still able to push the asset higher during the DeFi rotation.