MORPHO drops 8.3% to $2.56 despite Circle's institutional lending push
- —Price at $2.56, down 8.3% in 24h after a 23.5% weekly rally
- —Circle launched institutional USDC loans backed by BTC collateral via Morpho
- —Volume hit $39.6M, 24.5% above the 30-day average
- —Support at $2.46 (SMA-7), resistance at $2.65, RSI at 54.9
Why it matters: The Circle integration positions Morpho as institutional credit infrastructure, but near-term profit-taking and rotation into Bitcoin are weighing on the token.
Source: DiarioBitcoin