$EDEN This 1m chart for OpenEden now shows a clear momentum breakdown.

What happened

Price collapsed from the 0.133–0.135 area to ~0.126 quickly.

Multiple large red candles = aggressive selling/liquidations.

EMAs are fully bearish and spreading downward.

RSI extremely oversold:

RSI(6) around 11

RSI(14) around 20

That means:

panic selling is happening right now.

Important interpretation

This is no longer just “cooling momentum.”

This looks more like:

capitulation phase,

where weak hands are exiting aggressively.

Key thing now

When RSI gets this low on 1m:

short-term bounce probability increases, BUT

trend is still strongly bearish until structure changes.

Oversold does NOT automatically mean bottom.

Critical levels

Immediate support

0.125 Very important psychological and technical area.

If this breaks:

next likely zone:

0.120

then potentially:

0.116 (24h low area)

Resistance

0.130

then:

0.133–0.135

What the market is saying

Compared with earlier charts:

buyers are disappearing,

rebounds are weaker,

sellers are more aggressive,

momentum traders are exiting.

This matches your earlier observation about:

falling OI,

weakening volume.

Those were early warning signs.

Most likely short-term scenarios

Scenario 1 — Oversold bounce

Most likely immediate reaction:

temporary bounce toward 0.128–0.130.

Scenario 2 — Continued liquidation

If bounce volume is weak:

price may continue bleeding lower.

What would improve the chart

To reduce bearish pressure, bulls need:

reclaim above 0.130,

stabilize there,

and stop making lower lows.

Until then:

short-term structure remains bearish,

despite being heavily oversold.