MORPH/USDT – Testing Key Resistance, Potential Breakout Setup

Hey there!
Date: August 21, 2025

MORPH/USDT is consolidating right below a critical resistance zone and appears to be preparing for a breakout. If confirmed, the upside potential is significant.

🔍 Technical Overview:

Current Price: $2.35

EMA Levels:

4EMA: $2.11

50EMA: $1.87

100EMA: $1.65

200EMA: $1.57
The price is currently trading above all major EMAs, showing strong bullish alignment.

📊 Structure & Price Action:

Price has been consolidating under the $2.35–2.40 resistance zone, repeatedly testing it.

A clean horizontal resistance line is visible; a breakout above this level would unlock higher targets.

The recent higher lows indicate buyers are in control and pushing price upward.

📉 Key Support Levels:

$2.11 (4EMA dynamic support)

$1.87 (50EMA)

$1.65–$1.57 (deep retracement supports near 100/200EMA)

📈 Key Resistance & Target Zones:

Immediate resistance: $2.35–2.40

Breakout target: $5.00 zone (major measured move target marked on chart)

📊 Indicators:

RSI: 64.53 – In bullish territory but not overbought, leaving room for continuation.

No volume data available on this chart, but the structure itself suggests accumulation near resistance.

🎯 Bullish Outlook:

Trend: Bullish structure with higher lows and EMA alignment

Breakout above $2.40 could trigger a sharp move toward $5.00

Pullbacks to $2.10–$2.00 may offer good re-entry opportunities for continuation traders

📉 Invalidation:

A rejection and breakdown below $1.87 would weaken the structure

Loss of the $1.65–1.57 zone would invalidate the bullish breakout setup

Good Trading :-)