Analyzing the $OPEN 1-Hour Chart for the #OpenLedger Launch 📊🚀
Looking at the current price action, $OPEN is showing a strong "Bullish Divergence" on the lower timeframes. After the initial launch volatility, we are seeing a steady recovery as buyers defend the $1.15 support zone.
The RSI is currently climbing out of the oversold region, suggesting that the selling pressure from early airdrop hunters is cooling off. If we flip the $1.25 resistance into support, the next technical target is the $1.40 liquidity zone.
Fundamental growth is backing this chart: with @OpenLedger introducing "Proof of Attribution," the utility for the token as the backbone of decentralized AI infrastructure is becoming clear. I’m watching for a high-volume breakout tonight.
What’s your price target for the week? Let’s discuss below! 👇