đ„ Bounce Incoming: $OPEN Trying to Snap Back đ đ„
đđđđŁđđĄ: Reversal or Relief Rally?
Current price: â $0.5646
Market Cap: ~ $122M
FDV (Fully Diluted): ~ $568M â Mcap/FDV ratio â 21.5%
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đ What pushed us down â and what could push us up
Why we dropped:
Post-listing sell pressure & profit taking â early holders selling into volatility around Binance listing.
Technical break of support levels â a breach of ~$0.63 acted as a trigger for stop losses.
Valuation concerns: FDV â« market cap â many watching token unlocks ahead.
Why bounce could happen:
Oversold conditions â RSI metrics in some timeframes show deep oversold zones (buyers often step in)
Strong volume & liquidity â 24h spot volume is tens of millions ( ~$64â$80M )
Reclaiming key zones â If OPEN can push back above $0.60â$0.63 and hold, that zone becomes a base for reversal
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đŻ Bounce scenario (my hypothesis)
Trigger Target Zone Risk Zone
Price reclaims $0.60â$0.63 region with volume Move toward $0.70 â $0.80 resistance If breaks below recent low (~$0.50â$0.55), retest of lower support possible
Positive news / listings / partnerships Extra leg toward $1.00+ possible Overbought rejection at mid resistance zone
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đĄ Hook Caption (for post):
âđ„ $OPEN
just touched deep oversold â is a 2Ă bounce waiting? Hereâs the real scenario with numbers.â