OPEN is currently exhibiting a falling wedge formation, a pattern often associated with building momentum on the upside. Trading around the $0.1786 level right now, the token is eyeing a push toward $0.1840 as the next resistance point. If the bullish setup holds and we see continuation, there's potential for this resistance to crack and open up further upside. The wedge compression suggests buyers may be coiling up for a move, so keeping an eye on how price handles these levels will be key to confirming whether the anticipated breakout materializes.
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ContractTearjerker
· 01-18 14:58
Looking at this descending wedge, it seems like the buying pressure is holding back a big move. Let's see if it can break through 0.1840.
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WalletsWatcher
· 01-18 14:52
The wedge compression is indeed interesting, but I'm just worried it might be another false breakout old trick.
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ResearchChadButBroke
· 01-18 14:50
It's that old falling wedge pattern again... The key is whether it can break through 0.1840, otherwise it will just continue to fluctuate.
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just_another_wallet
· 01-18 14:44
A falling wedge sounds good, but can it really break out? It depends on whether the buying pressure is strong enough.
OPEN is currently exhibiting a falling wedge formation, a pattern often associated with building momentum on the upside. Trading around the $0.1786 level right now, the token is eyeing a push toward $0.1840 as the next resistance point. If the bullish setup holds and we see continuation, there's potential for this resistance to crack and open up further upside. The wedge compression suggests buyers may be coiling up for a move, so keeping an eye on how price handles these levels will be key to confirming whether the anticipated breakout materializes.