Morpho crypto price staged a strong comeback on Friday, reaching its highest level since November 2025. It has jumped by about 60% from its lowest level this year, with its market capitalization rising to over $584 million.
Morpho Price Jumps Amid Ecosystem Growth
Morpho, a top player in decentralized finance (DeFi), has done well in the past few years, with its assets continuing to grow. Data compiled by DeFi Llama shows that the total value locked (TVL) has jumped to a record high of 2.9 million ETH, up from 968,000 in the same period last year.
Morpho’s growth has accelerated after it was embraced by Coinbase, the biggest cryptocurrency exchange in the United States. The adoption of crypto-backed loans made it possible for people to borrow on the network.
More companies have continued to embrace the network, leading to higher fees in the network. For example, as we wrote recently, it has not partnered with companies like Anchorage and Apollo Global Management, a top player in the private equity and private credit industry.
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The network has also become a major player in the real-world asset (RWA) tokenization industry. Data shows that the amount of RWA assets on the network has jumped by 40x YoY to over $400 million.
Morpho’s fees continued rising this month. Data compiled by DeFi Llama shows that the network generated over 7,210 ETH in fees this month, higher than 5,160 ETH last month. It has been in an uptrend in the last three consecutive months. All this is happening despite the ongoing crypto winter, which has affected Bitcoin and most altcoins.
Morpho Crypto Price Technical Analysis
The daily timeframe chart shows that the Morpho token has rebounded in the past few weeks, moving from a low of $0.9757 on February 6 to the current $1.5430.
It formed a double-bottom pattern, a common bullish reversal sign in technical analysis. It has jumped above the key resistance level at $1.4310, its highest level on January 14.
Morpho token has jumped above the 23.6% Fibonacci Retracement level. It has moved above the 50-day Exponential Moving Average (EMA) and is slightly above the Bottom of the Trading Range of the Murrey Math Lines.
The coin has jumped above the Supertrend indicator. Therefore, the token will likely continue rising as bulls target the next key resistance level at $1.9327, the 50% Fibonacci Retracement level.
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