The cryptocurrency Morpho [MORPHO] surged 15% in 24 hours, breaking out of consolidation. Data shows its Total Value Locked (TVL) has risen alongside the price, suggesting capital is flowing into the protocol. Furthermore, an increasing 90-day Mean Coin Age indicates holders are not rushing to sell. These metrics suggest the rally may be supported by more than just short-term speculation, though the market will test whether momentum can hold above key resistance levels.
The cryptocurrency Morpho [MORPHO] posted a 15% gain in the past 24 hours, breaking a period of consolidation. Beyond the price action, several long-term metrics have strengthened, hinting the move could extend.
Recent data from DefiLlama shows the protocol’s Total Value Locked (TVL) rising in step with the price surge. This suggests that capital from Morpho investors is flowing into the protocol rather than circulating across the exchanges.
Another signal comes from an increase in the 90-day Mean Coin Age, as noted by Santiment. This metric indicates tokens are moving less frequently, implying holders are choosing to sit tight rather than sell into strength.
Taken together, these data points paint a constructive picture. Rising TVL suggests commitment, while increasing Mean Coin Age points to patience among holders.
After a 15% daily gain, some cooling would not be unusual. However, the latest rally appears better supported than a typical short-term spike.
The market’s immediate focus is on whether buyers can defend recent levels. The next key resistance is identified near $1.4, while support is seen around $1.1.
