Morpho rose 17.8% over 24 hours as traders rotated capital into decentralized finance assets, with Ethena and Aave also gaining. Despite the rally and stronger trading volume, Binance’s top traders held a bearish account distribution, with 56.55% of tracked accounts short and 43.45% long, producing a Long/Short Ratio of 0.77. Spot and futures taker data continued to show selling pressure. Morpho broke above the $2.304 supply zone before reaching $2.929 and retreating to $2.774. RSI climbed to 74.64, indicating overbought conditions, while MACD remained bullish. An earlier report had recorded a 20.10% gain to $2.75 after platform upgrades and valued the token’s market capitalization at $1.81 billion.