đ $OPEN Retest of Major Support: Is the Sell-off Overdone?
The recent market-wide correction slammed AI tokens, with @OpenLedger dropping nearly -27%, breaking below its 30-day SMA.
Now, $OPEN is retesting a key support zone at $0.43â$0.45, aligned with the 78.6% Fib retracementâa crucial technical level.
đ Key Signals:
Bullish RSI divergence â Panic selling could be fading.
Reversal trigger: Watch for a daily close above $0.47 to confirm short-term recovery.
Upside target: A bounce toward $0.50 if support holds.
The decentralized AI narrative remains fundamentally strongâbut right now, market structure matters more than hype.