OPEN is maintaining a strong technical setup on the weekly chart. After its impressive parabolic rally, the token has established a substantial base and is now consolidating within a bull flag pattern that sits comfortably above all major moving averages.

The key here isn't panic selling—this is healthy price action. Strong holdings are accumulating while the market digests recent gains. The 21-period moving average at around 6.8 is holding firm as a reliable support level.

What traders should monitor: as long as OPEN respects the 6.0-6.5 support zone, the bullish structure remains intact. This consolidation phase is typically what precedes the next leg of upside. Breaking below that critical level would signal a change in momentum, but until then, the weekly bias leans constructive.