Opendoor (OPEN) Breaks Falling Wedge on 4H Chart, Bulls Eye 144% Upside

News

  • OPEN/USDT broke above the falling wedge, targeting $1.00, signaling a potential 144.89% upside from the $0.41 breakout point.
  • Opendoor daily chart shows a bullish reversal with high volume, MACD bullish crossover approaching, and EMAs converging near current price.
  • OpenUSDT market cap dropped over 60%, stabilizing afterward, reflecting controlled supply adjustment while maintaining the USD peg and liquidity integrity.

OPEN has broken out of a falling wedge and is sparking bullish momentum. Traders are eyeing a potential 144% surge as buying pressure picks up and market interest climbs rapidly.

Technical Setup on OPEN/USDT

The OPEN/USDT chart demonstrates a clear falling wedge pattern that has persisted for several weeks. The wedge is defined by two converging downward-sloping trendlines containing the price movement.

Source: Captain Faibik Via X

The projected target zone lies between $0.41 and $1.00, representing a potential gain of approximately 144.89%. This projection uses the height of the wedge added to the breakout point, following standard technical methods.

Trading volume is not displayed in the chart, but rising volume during the breakout would strengthen the signal. Traders are advised to monitor for possible price rejection near prior resistance levels. The wedge setup suggests a favorable opportunity for bullish positions if broader market conditions remain stable.

Daily Chart Analysis of Opendoor Technologies Inc.

Opendoor Technologies Inc. (OPEN) shows a potential bullish reversal on the daily timeframe after an extended period of consolidation. The stock has been in a descending channel since mid-September, following a peak near $10.70. 

A breakout above the channel was confirmed by a strong bullish candle with a 13.37% gain.Short-term EMAs, including the 9, 17, and 20-day averages, are converging near current price levels. 

A close above $8.00 may trigger momentum toward $9.20–$9.60, while a drop below $7.50 could lead to a retest of lower EMAs. The daily setup favors continued upward movement following the breakout confirmation.

OpenUSDT Market Cap Dynamics

The OpenUSDT market cap chart shows a sharp decline from above $5 million to roughly $2 million between October 22 and 23, 2025. This represents a sudden contraction exceeding 60% in circulating supply or collateral backing. Despite the drop, the price peg remained intact, suggesting controlled management rather than market panic.

Trading volumes increased slightly leading up to the market cap contraction, indicating higher conversion or redemption activity. After the adjustment, market capitalization stabilized, reflecting orderly management. The decline did not cause major price fluctuations, showing resilience in liquidity maintenance.

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