OPEN Ticketing Ecosystem (OPN1)
1. Fundamental Analysis
1.1 Introduce
OPEN is the leading project in blockchain-based ticketing. With millions of tickets issued for concerts, museums and sports games around the world since 2016, this is a mature project that brings the value of Web3 to mainstream users. The OPN1 token is the core of the project, as it is used to facilitate the issuance of every single ticket.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | OPN1 | Market Cap | 16514246.07 |
| Name | OPEN Ticketing Ecosystem | White Paper | -- |
| Web Site | https://onopen.xyz/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 31749897887 | |
| Supply | 31749897887 | Release Date | 2024-04-01 |
| Available Supply | 22926900000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.0007203 | 0.0007203 | 0.0007203 | 0.0007203 | 0.0 |
| 2024-12-31 | 0.0007784 | 0.0007784 | 0.0007203 | 0.0007203 | 81.44551842 |
| 2024-12-30 | 0.0007557 | 0.0007557 | 0.0007512 | 0.0007512 | 82.5285942 |
| 2024-12-29 | 0.0007429 | 0.0008084 | 0.0006423 | 0.0007372 | 1109.27105829 |
| 2024-12-28 | 0.0007737 | 0.0011633 | 0.0007349 | 0.0007917 | 353.81560539 |
| 2024-12-27 | 0.0007395 | 0.0007395 | 0.0007395 | 0.0007395 | 13.74989325 |
| 2024-12-26 | 0.0008167 | 0.0008167 | 0.0008084 | 0.0008084 | 46.40911615 |
| 2024-12-25 | 0.0008892 | 0.0008892 | 0.0008892 | 0.0008892 | 0.0 |
| 2024-12-24 | 0.0008558 | 0.0010122 | 0.0008265 | 0.0008892 | 40.3850975 |
| 2024-12-23 | 0.0008365 | 0.0008365 | 0.00083 | 0.0008335 | 191.42477325 |
| 2024-12-22 | 0.0008705 | 0.0008726 | 0.0008375 | 0.0008375 | 838.45145242 |
| 2024-12-21 | 0.000927 | 0.0009948 | 0.0008892 | 0.0008892 | 4053.78088308 |
| 2024-12-20 | 0.0009277 | 0.0009279 | 0.0008734 | 0.0008734 | 184.9810281 |
| 2024-12-19 | 0.0009687 | 0.0009773 | 0.0008907 | 0.0009277 | 209.45034031 |
| 2024-12-18 | 0.0010665 | 0.0010665 | 0.0009455 | 0.0009726 | 1330.17683147 |
| 2024-12-17 | 0.0011042 | 0.0011235 | 0.0010001 | 0.0010851 | 1550.02345873 |
| 2024-12-16 | 0.0011044 | 0.0011235 | 0.0011043 | 0.0011235 | 2449.64971973 |
| 2024-12-15 | 0.0011237 | 0.0011422 | 0.0010821 | 0.0011042 | 487.6887286 |
| 2024-12-14 | 0.0011044 | 0.0012198 | 0.0011044 | 0.0011329 | 1288.34370054 |
| 2024-12-13 | 0.0011044 | 0.0011431 | 0.0011043 | 0.0011431 | 237.92766121 |
| 2024-12-12 | 0.0011432 | 0.0011633 | 0.0010821 | 0.0011232 | 140.02696856 |
| 2024-12-11 | 0.0011051 | 0.0012044 | 0.0010759 | 0.0011235 | 2410.63775417 |
| 2024-12-10 | 0.0011837 | 0.0012044 | 0.0010853 | 0.0010867 | 236.02627941 |
| 2024-12-09 | 0.0012504 | 0.0012817 | 0.0011235 | 0.0011635 | 679.77747262 |
| 2024-12-08 | 0.0013354 | 0.0013355 | 0.0012 | 0.0012471 | 2239.42735008 |
| 2024-12-07 | 0.0013577 | 0.0013577 | 0.0013251 | 0.0013355 | 266.81001491 |
| 2024-12-06 | 0.001303 | 0.0013687 | 0.0011042 | 0.0013466 | 2955.28328858 |
| 2024-12-05 | 0.0012897 | 0.0014033 | 0.0012205 | 0.0013011 | 2171.46869278 |
| 2024-12-04 | 0.0013355 | 0.001384 | 0.0012884 | 0.0012992 | 656.63869277 |
| 2024-12-03 | 0.001326 | 0.00139 | 0.0012714 | 0.0013246 | 921.36890719 |
2.2 Analysis
The recent price action shows a strong downtrend culminating in a significant low around 0.0007203. A subsequent period of consolidation and minor upward movements was followed by another significant drop. While some minor recovery attempts are evident, the overall trend remains bearish. Future price movement is likely to see continued downward pressure with potential for further significant price drops, barring unexpected major shifts in market sentiment or external factors. The volume data supports periods of heavy selling pressure corresponding with the most significant price declines.
