Morpho token price rises 4% after Markets App update

Morpho has introduced a new feature to its Markets App that allows users to exit positions early. Users can now choose to exit immediately at the current market rate or place a limit order, providing more flexibility in position management.

Following the announcement, the MORPHO token price experienced an intraday increase of approximately 4%, rising from around $2.00 to $2.10. While the price move created a bullish hammer candle pattern, the token faces immediate resistance at the $2.20 level. Analysts note that maintaining the $2.00 support level is critical for the current bullish structure, as a drop below that point could lead to a decline toward $1.60.