$OPEN In the "Survival Zone" - Will the Bulls Hold Strong?

In today's trading session, $OPEN has recorded a sharp decline of up to -28%, bringing the price down to a critical support area around $1.08 after failing to maintain above the $1.20 mark. This is a decisive area for the upcoming short-term trend of this token.
🔹 Price increase scenario (Bullish Scenario):
If buying pressure appears strongly and the bulls can successfully defend the $1.08 – $1.10 range, the market is likely to witness a recovery. At that point, the near target will be $1.25, and it may extend further to the $1.35 – $1.40 range, where there is strong resistance from before.
🔹 Discount scenario (Bearish Scenario):
Conversely, in the event that $OPEN breaks through the support zone of $1.03, selling pressure may increase, causing the price to drop further to the $0.90 zone – a critical point to determine whether the downtrend will continue to strengthen or not.
⚡ General assessment:
Currently, $OPEN is in the "danger zone" but also presents a great opportunity – High-risk, High-reward. This is a phase where traders need to closely observe price action, waiting for clear confirmation signals before making a decision to enter a trade, avoiding catching a falling knife in the context of strong volatility.