openledger $OPEN
OPEN/USDT
OPEN is currently trading at 0.1946 USDT, down 4.75% in the last 24 hours. The price continues to face selling pressure, sitting below the MA7 (0.1957) and MA25 (0.1963), indicating that the short-term trend remains weak.
Technical: The price is testing the support zone around 0.1855 – 0.1900. RSI6 is at 40.71 (near the oversold zone), suggesting a potential technical bounce if buying volume increases. However, MA99 (0.2080) is still far above, confirming the medium-term downtrend.
Overall: OPEN is in a deep correction phase after the previous rally. Caution is advised in the short term, with priority given to observing reactions at the support level of 0.1855. If this level is lost, the downtrend may continue.
