Morpheus breakout from the Weekly downtrend

The green line is the downtrend line coming based of the Weekly chart (from ATH).

This is broken now.

If it now bounces off it and turns that into suport, it would provide a wonderful buy opportunity and a nice run to the upside.

Watch that level and decide based on price action.

Good luck

Comment:

Curent Rank on Coinmarketcap 416
Curent Rank on Coingeko 487

Entry if 0.0004456 level is confirmed as support.

Uniswap ftw

Comment:

MRPH USD chart is already above MAs on the Daily chart

Comment:

Bounce on 200MA on USD chart would match a bounce on the Uniswap ETH weekly downtrend line.

Let's see how this unfolds.

Don't buy until bounce is confirmed with volume (at least 4h candle close after bounce)

Comment:

Current Rank on Coinmarketcap 200 compared to 416 at the beginning of September