Latest Morpho (MORPHO) Price Analysis

Deep Dive

1. Coinbase Liquidity Injection (Bullish Impact)

Overview:
Coinbase relaunched its Stablecoin Bootstrap Fund on August 12, allocating $500K USDC to Morpho to deepen lending/borrowing markets. This follows Morpho’s role in powering $1B+ in Coinbase crypto-backed loans.

What this means:
Direct liquidity infusions improve capital efficiency for Morpho users, potentially increasing protocol fees and Total Value Locked (TVL). Historical parallels exist: Coinbase’s 2019 fund helped bootstrap Aave and Compound.

What to look out for:
TVL growth on Base L2, where Morpho holds $1.8B deposits – a key metric for sustainability.

2. Technical Momentum (Mixed Impact)

Overview:
Morpho trades at $2.65, above its 30-day SMA ($2.07) and 200-day EMA ($1.85). The RSI14 at 71 signals strong momentum but nears overbought territory (RSI >70).

What this means:
Breakouts often attract momentum traders, but RSI divergence could signal short-term pullbacks. The 23.6% Fibonacci retracement at $2.54 now acts as support.

3. Institutional Validation (Bullish Impact)

Overview:
Grayscale added MORPHO to its Top 20 list in June 2025, citing $4B TVL and V2 upgrades enabling traditional finance integrations. Morpho also powers yield in Gemini’s new self-custody wallet.

What this means:
Institutional adoption reduces token volatility risks long-term. Grayscale’s moves historically correlate with 10-15% price bumps in the weeks following inclusion.

Conclusion

Morpho’s gains reflect protocol fundamentals (Coinbase partnership), technical breakouts, and credibility from TradFi players. While overbought signals suggest caution, the $2.54 support level and institutional inflows provide a bullish foundation.

Key watch: Can Morpho sustain TVL growth above $9B as Coinbase’s Bootstrap Fund activates? Monitor Morpho’s Base deposits for real-time traction.

TLDR
Morpho’s price rose 6.36% over the past 24h, but short-term volatility reflects mixed catalysts. Key factors include:

1. Technical Overbought Signals – RSI at 70 suggests profit-taking after a 24% weekly surge.
2. DeFi Market Growth – Morpho’s $8B TVL and Coinbase integration boosted sentiment.
3. Token Unlock Impact – $15.23M unlocked on Aug 11 added mild sell pressure.

Deep Dive

1. Technical Correction (Mixed Impact)

Overview: Morpho’s RSI (7-day) hit 70.04, signaling overbought conditions. The price recently tested the 23.6% Fibonacci retracement level at $2.19, aligning with profit-taking after a 108% 60-day rally.
What this means: While the MACD histogram remains positive (+0.014), traders often book gains near overbought RSI thresholds. The $2.32 pivot point now acts as support; a break below $2.19 could signal deeper correction.

2. DeFi Lending Momentum (Bullish)

Overview: Morpho’s TVL reached $8B as of August 13, driven by partnerships like Coinbase’s crypto-backed loans and Gemini Wallet’s integration (The Defiant).
What this means: Institutional adoption (e.g., $1B+ in Coinbase collateral) strengthened demand, but recent DeFi-wide TVL stagnation (-4.69% weekly) tempered upside.

3. Token Unlock Dynamics (Bearish)

Overview: $15.23M in MORPHO tokens (2.18% of circulating supply) unlocked on August 11, per CryptoNewsLand.
What this means: Unlocks often introduce sell pressure, though Morpho’s 24h volume ($72.7M) absorbed most impact.

Conclusion

Morpho’s 24h gain aligns with DeFi growth and strategic partnerships, but overbought signals and token unlocks created friction. Key watch: Can MORPHO hold the $2.32 pivot amid broader crypto market stagnation (-0.65% total cap)? Monitor RSI cooling below 65 for renewed bullish momentum.