OPEN -3507.28% in 1 Year as Token Price Reaches $0.9326

On SEP 11 2025, the OPEN token experienced a dramatic price drop, plummeting by 3507.28% over the last 12 months to settle at $0.9326. The token also declined by the same percentage over the past 30 days and 7 days, marking one of the most severe long-term price corrections in its history. The 24-hour dip was equally significant, with a 1055.76% fall in value within a single day.

The decline in OPEN’s value has been attributed to a broader sell-off in the digital asset market, though the token’s performance remains disconnected from broader market trends due to a lack of fundamental updates or project developments within the last year. Analysts project that without a substantial product launch or strategic partnership, the token may continue to underperform against its peers in the sector. The absence of clear catalysts has led to diminished investor confidence and reduced liquidity in key trading pairs involving OPEN.

From a technical perspective, OPEN has failed to break above key resistance levels that had been identified in the previous months. The token has remained below both the 50-day and 200-day moving averages, indicating a bearish trend. The relative strength index (RSI) has shown over-sold conditions, suggesting potential for a short-term bounce. However, without confirmation from price-volume analysis or a sustained move above critical support levels, the bearish momentum is expected to persist. These indicators are the foundation for the backtest strategy outlined below.

Backtest Hypothesis

A proposed backtesting strategy aims to evaluate the effectiveness of a mean-reversion approach in managing OPEN’s extreme volatility. The strategy is designed to enter long positions when the RSI falls below 30, signaling an over-sold condition, and exit when the RSI rises above 70, indicating overbought levels. Additionally, stop-loss orders are placed at 5% below the entry point to limit downside risk. The strategy also incorporates a trailing stop to lock in gains during upward corrections. Given the recent price behavior, this hypothesis seeks to determine whether such a strategy could have mitigated losses or captured potential short-term bounces in the absence of long-term bullish signals.