MORPHO climbs 14.68% to $2.42 on Coinbase tokenized-stock lending
- —MORPHO rose 14.68% to $2.42 on $41.98 million in volume, 42.4% above average
- —Catalyst: loans backed by tokenized Coinbase stocks on the Base network
- —Price is 22.84% above its 200-day SMA ($1.97) but below its 20-day SMA ($2.38)
- —RSI at 55.7 — not overbought; resistance at $2.43, support at $2.31
Why it matters: Lending against traditional assets expands DeFi credit demand beyond the crypto cycle, strengthening Morpho as an institutional lending layer.
Source: DiarioBitcoin