Morpho token price surges 15% in single session

Morpho (MORPHO) experienced a significant price recovery on October 31, 2026, climbing approximately 15% in a single session. The token reclaimed its 100-day and 200-day moving averages after a period of losses earlier in the week.

The price reached a high of $2.51 before settling near $2.40. This V-shaped reversal followed a low near $1.98, which aligned with the 0.500 Fibonacci retracement level. While the rally was notable, market data indicates relatively thin liquidity, with 24-hour spot volume recorded at approximately $2.4 million.

There have been no confirmed protocol-specific catalysts, such as governance votes or partnership announcements, to explain the surge. The price action appears consistent with broader market risk appetite within the decentralized finance (DeFi) sector. However, an ongoing structural development remains the Apollo token acquisition agreement, in which Apollo agreed to purchase up to 90 million MORPHO tokens over a 48-month period.