That breakout looks clean! The buyback news really fueled the fire. Let's see if it can test those upper targets.
Cas Abbé
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$OPEN is pumping.
Up +17% today and nearly +40% since the buyback announcement, OpenLedger’s momentum is turning heads.
After weeks of accumulation, the chart just broke out of its mid-range resistance around $0.62, confirming a full trend reversal on the 4H.
Buyers are showing strength — volume’s climbing, EMAs flipped bullish, and RSI’s cleanly above 60. The next target zone sits near $0.72–$0.76, where previous sellers got trapped. If this level breaks, continuation into the $0.80s looks highly probable.
Key Levels:
Immediate Support: $0.600 – $0.620 (reclaim zone)
Entry Zone: $0.615 – $0.640 (retest preferred)
Targets
- $0.685 – previous intraday high - $0.725 – range top / first supply - $0.762 – breakout continuation zone
• Stop-Loss: $0.575 (below 4H structure and MA confluence)
It’s the market reacting to fundamentals and on-chain buyback pressure.
Bias: Bullish continuation as long as $OPEN holds above $0.60 support.
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