OpenLedger ($OPEN ) has decreased over the last 24 hours. Over the day, the price fell by 5.99%, but over the last 7 days, it has increased by 6.50%, and over 30 days — by 13.85%. This means that the recent decline is short-term, against the backdrop of a more long-term growth.
Technical analysis of $OPEN shows that the relative strength index (RSI14) is 39.1 — this is close to the oversold zone, indicating possible selling pressure. The pivot point at $0.6013 may act as resistance. If the price was unable to overcome it, traders might have started selling.
The overall cryptocurrency market has decreased by 1.13% over the last day, so part of the decline of $OPEN is related to the overall negative market dynamics. The fear and greed index is currently neutral, indicating caution in trading. #OpenLedger