OPEN -2580.65% in 1 Year Amid Extended Downtrend and Market Uncertainty

On SEP 10 2025, OPEN dropped by 461.3% within 24 hours to reach $1.0608, OPEN dropped by 2580.65% within 7 days, dropped by 2580.65% within 1 month, and dropped by 2580.65% within 1 year.

OPEN has experienced an extended and severe decline across multiple timeframes, with a consistent drop of 2580.65% over the past year. This trend has persisted over the last month and seven days as well, indicating a prolonged bearish phase with no immediate signs of reversal. The recent 461.3% drop in a 24-hour period highlights the volatility and downward momentum currently embedded in the asset’s trajectory. Investors are closely watching whether this steep decline will continue or if a stabilizing pattern might emerge.

Technical indicators reflect this sustained bearish momentum. The asset has failed to reclaim key support levels and remains below long-term moving averages. On-charts and price-action signals show no indication of near-term bullish catalysts. The extended downturn has drawn attention from traders and analysts alike, many of whom are recalibrating their risk exposure due to the sharp and unrelenting trend.

The absence of any positive divergence or bullish reversal patterns in the latest weekly and monthly charts further reinforces the ongoing bearish sentiment. Analysts have highlighted that the prolonged drop suggests a lack of buyer interest and a deepening of bearish sentiment in the market. While some traders are waiting for a potential bounce to establish short-term positions, others are locking in profits or hedging their positions due to the uncertainty surrounding the asset’s near-term direction.

The price structure over the past year has demonstrated a consistent erosion of value, with little to no respite or retracement. This suggests that fundamental factors—whether related to project governance, market perception, or broader macroeconomic conditions—may be contributing to the sustained negative trajectory.

Backtest Hypothesis

A backtesting strategy has been proposed to evaluate potential trading signals during this extended downturn. The approach centers on short-selling opportunities based on the breakdown of key moving averages and the confirmation of bearish candlestick patterns. The strategy assumes entry points when price closes below a 200-day moving average and reinforces the signal with a bearish divergence in the RSI. Stop-loss levels are placed just above recent swing highs, while take-profit targets are set at the next key support levels.

This hypothetical strategy aligns with the observed price behavior and aims to capture the downside momentum seen in the past year. While it is not a guarantee of future performance, it reflects a disciplined and rules-based approach to navigating the current bear market.