MORPHO Jumps 6.2% and Extends Weekly Rally to 21.4% on Coinbase Lending Push
- —MORPHO trades at $2.81, up 6.2% in 24 hours and 21.4% on the week
- —Trading volume hit $70.3 million, 133% above the 30-day average
- —Coinbase launched fixed-rate BTC-backed loans via Morpho Midnight on Base on September 22
- —Morpho TVL stands at about $4.98 billion on Ethereum and $4.39 billion on Base
Why it matters: The rally reflects real demand for Morpho's lending products through Coinbase infrastructure, but proximity to $2.92 resistance and overbought signals raise correction risk.
Source: DiarioBitcoin