@OpenLedger
Price Movement $OPEN
24 September 2025
Price decline: The price of the OPEN token has experienced a decline in the last 24 hours. CoinMarketCap reports a decline of around 2.61%, while other sources such as Binance show a more drastic decline, up to 22.17%.
Post-listing volatility: This decline is largely due to profit-taking actions by early investors who sold their tokens after the price surged nearly 200% following the listing on Binance on September 5, 2025.
Oversold position: The RSI7 indicator is at 25.86, indicating an oversold condition. This indicates that weak traders are exiting their positions due to panic.
Trading Volume
Significant volume: Daily trading volume remains high, reaching around $89.48 million USD (based on CoinMarketCap) or about IDR 1.6 trillion. This shows strong interest, even amid a price decline.
Accumulation indications: Stable volume above $1.1 billion can be a signal of accumulation by institutional investors, even though current prices have fallen from their peak.
Other Factors
Concerns about token unlock: There are long-term concerns regarding the token unlock schedule. As much as 78.45% of the total supply is still locked until 2026, which could potentially create selling pressure in the future.
General cryptocurrency market correction: The price decline is also in line with the correction occurring in the overall cryptocurrency market, where many altcoins are performing poorly compared to Bitcoin.
Trust Wallet Integration: On the positive side, OpenLedger will integrate their technology with Trust Wallet in October 2025. This could potentially provide exposure to over 200 million users and drive adoption, which could be a catalyst for future price increases.
