$OPEN

OPEN/USDT Technical Analysis

Current Price: 1.2205 (+510.25% in 24h)

24h Range: 0.2000 – 3.6500

24h Volume: 264.52M OPEN (≈ 379.81M USDT)#open

Trend and Moving Averages

MA(7): 1.4400 (price trading below, showing weakness after strong rally)

MA(25): Not available (insufficient data)

MA(99): Not available

The coin made an explosive move from 0.20 to 3.65 but is now in a sharp correction phase, trading below the short-term MA(7).

Key Levels

Resistance: 1.55 – 1.65, then 2.30, major resistance at 3.65

Support: 1.20 (immediate), 0.78 (medium-term), 0.20 (major base support)

If 1.20 fails to hold, price could revisit 0.78 zone.

Volume and Momentum

Volume: Extremely high, showing strong speculative interest.

Momentum: Overheated — the +500% surge indicates heavy volatility.

Current selling pressure suggests profit-taking phase after the parabolic rise.

Outlook

Bullish Scenario: If OPEN holds above 1.20 and reclaims 1.55, it could retest 2.30 – 3.00.

Bearish Scenario: If it breaks below 1.20, correction may deepen toward 0.78 or even 0.50.

Summary

OPEN/USDT has shown a massive pump (+500%) but is now facing a sharp pullback. Trend remains highly volatile, with 1.20 acting as a critical support. Short-term risk is high, and caution is advised — only aggressive traders may consider entries near support with tight risk management.