Morpho price near support as Circle integration meets unlock pressure
Morpho (MORPHO)
Editor:
Eugene Serbin
tradersunion.com reports that Morpho (MORPHO) is trading at $2.585, reflecting a daily decline of 7.28% as it trades below short- and medium-term moving averages. Circle has launched Bitcoin-backed USDC borrowing for institutional clients via Circle Mint, designating Morpho as the first supported lending protocol on Arc and Ethereum networks. This deployment opens Morpho's decentralized credit infrastructure to institutional capital, though price action remains under broader selling pressure.
A scheduled $391 million DeFi token unlock next week could heighten selling pressure across decentralized finance assets. On the hourly chart, MORPHO remains below the MA-20 at $2.6698 and the MA-50 at $2.6705. It continues to hold above the MA-200 at $1.9906, while the Ichimoku Kijun at $2.7115 forms immediate resistance.
Momentum readings are weak, with MACD on Sell and ADX reflecting a neutral trend. Bull/Bear Power indicates sellers dominate intraday momentum, and the Awesome Oscillator reinforces this downward pressure. Looking ahead, MORPHO is likely to consolidate between $2.4057 and $2.7643 over the next two to three trading days. There is a 76% chance of further downside, while the probability of a near-term upward move stands at 24%.
How the market reacted
Whalio's own Binance spot order flow for MORPHO, measured when this story was written up on 22 September 2026. Not the outlet's figures.
Whalio data shows MORPHO trading at $2.66 with a 1-hour buy ratio of 47.7% and a 4-hour buy ratio of 49.9%. These short-term figures are lower than the 24-hour buy ratio of 51.8%, suggesting that buying pressure is fading in the immediate term. The 1-hour volume delta is -$15,031, indicating net selling over the last hour, while the 4-hour delta is -$1,405. Over the past 24 hours, the volume delta is positive at +$243,983, showing that net buying has occurred over the longer timeframe despite recent intraday selling. The CVD at 24-hour close is -$77,995, and spot volume for the period is $7,056,893 across 72,776 trades. Net buying occurred for 12 of the 24 hours, indicating mixed sentiment with a slight edge toward selling in the closing hours.
The latest daily buy ratio of 53.3% sits at the 70th percentile of the last 323 days, against a median of 51.0% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for MORPHO, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 56.3%, compared to the current 24-hour ratio of 51.8%, showing a decrease of 4.5 percentage points. Volume over the last day was 1.27 times the average, indicating an unusual level of activity compared to the weekly norm. The coin saw a price change of +22.0% over the past 8 days, with a total volume delta of +$3,793,558. Net buying occurred for 6 of the 7 days in the preceding period. This suggests that while today is less bullish than the weekly average, the broader trend has been strongly positive with higher-than-average volume.