#OPEN LTF Analysis:

$OPEN has broken out of a falling wedge on the 4H timeframe, signaling a potential bullish reversal after a prolonged corrective phase. Price pushed above the descending resistance trendline and is now holding above the short-term EMAs, which supports the breakout structure. This move shifts momentum in favor of buyers as long as $OPEN maintains acceptance above the wedge resistance.

OPENUSDT

Perp

0.1639

-1.32%

For continuation, $OPEN needs to hold above the breakout level and avoid slipping back inside the wedge. Sustained price action above this zone keeps the bullish bias intact and opens room for a push toward higher resistance levels. A failure to hold, however, would invalidate the breakout and put OPEN back into consolidation or downside risk.