Morpho experiences 15% decrease amid $500 million outflow – is a recovery to $2.8 possible?

Recently, Morpho’s price dropped 15% due to a $500 million outflow, affected by decreased trading volume and investor leverage. Spot purchasing activity indicates potential bullish sentiment, even as long positions decline from 86% to 67%.

Technical indicators suggest a possible rebound if Morpho maintains its demand zone and breaks resistance. Current accumulation volume could lead to a potential move toward $2.8, while failure to hold key support may drive prices lower.