🚀 $OPEN shows recovery signals — attention to ecosystem movement 🔥

In the last hours, $OPEN recorded an increase of 3.31%, driven by token buybacks and key advancements in its ecosystem. Although the overall trend remains bearish, technical data is starting to indicate a possible change in direction.

🔍 KEY POINTS

1️⃣ Ongoing buybacks and new milestones

The team at $OPEN continues with its buyback program, generating support in the price and strengthening community confidence. Additionally, the launch of the Mainnet is approaching, an event that could significantly increase token demand.

2️⃣ Positive technical divergence

Indicators show bullish crosses in exponential moving averages (EMA) and positive money flow, which could anticipate short-term momentum. Although the MACD remains bearish, the contrast between both signals suggests silent accumulation.

3️⃣ Low supply = potential bullish pressure

With only 21.5% of the supply in circulation, the token presents a structure that could favor future bullish movements in the face of increased demand. Despite a 25% drop in trading volume, this can also be interpreted as a consolidation phase prior to a rebound.

💡 CONCLUSION

OPEN is at a key point: the fundamentals of the ecosystem remain strong and buybacks are generating support.

If the market supports it, we could see a strong rebound in the short term. @OpenLedger