Analysis of $Openfund Price Movement

1. Price Trend

  • $Openfund peaked at approximately $0.22 before experiencing a steady decline to $0.08921.
  • The current trend is strongly bearish, with lower highs and lower lows forming consistently.

2. Technical Analysis

  • Support levels: $0.080, with a deeper support at $0.060.
  • Resistance levels: Between $0.12 and $0.14.
  • Trading volume: Surged during downward moves, indicating strong selling pressure.

3. Short-Term Outlook

  • If selling pressure persists, the price could test the $0.080 support.
  • If buying momentum increases, a potential rebound towards $0.12 resistance is possible.

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