MORPHO jumps 10% and reclaims key EMAs – Is THIS next?

Morpho [MORPHO] staged a strong recovery after bouncing from trendline support that had held for months. The rebound followed a bearish push amid broader market panic after the Binance hack. Following a 10% daily price surge, the token recovered from the $2.07 zone and reclaimed several moving averages. It climbed above its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) as buying pressure returned. With trading activity picking up, could buyers keep the recovery going toward the next swing high at $2.56? Why is MORPHO trading activity rising?

Source: AMBCrypto