OpenLedger ($OPEN ) grew by 9.28% over the last 24 hours, significantly outperforming the overall cryptocurrency market (+1.87%) and increasing its weekly growth to 14.60%. The main factors were the announcement of a token buyback and improvements in technical indicators.
In the last day, the price of the OpenLedger token ($OPEN ) increased by 9.28%, which is a noticeable jump. Meanwhile, the growth over the last 7 and 30 days was 14.60% and 20.22% respectively, indicating a longer-term upward trend.
Technical analysis shows that the Relative Strength Index (RSI) is below 70 (7-day RSI — 41.88), indicating that the token is not overbought and has potential for further growth without the risk of a quick correction. The 7-day moving averages (SMA — 0.50207 and EMA — 0.53921) are below the current price, which also indicates a bullish trend.
Overall market indicators of the cryptocurrency market have increased by only 1.87% over the last 24 hours, while $OPEN showed a growth of more than 9%, indicating the influence of internal factors rather than a general market rise. The Fear and Greed Index is at a neutral level of 58, and the Altcoin Season Index has declined, which excludes widespread growth of altcoins.