Current TA for $OPEN 8/30/2025

📊 Current Technical Analysis for $OPEN (Opendoor) 8/30/2025

Opendoor ($OPEN) is showing some interesting setups on the chart right now. Here’s what I’m seeing:

🔹 Price Action

• $OPEN has been consolidating around the $3.80 – $4.10 range, forming a base of support.

• Buyers are stepping in near the 50-day moving average (MA), which has acted as a floor in recent sessions.

🔹 Moving Averages

• The 20-day MA is curling upward and getting close to crossing above the 50-day MA → a bullish signal if it confirms.

• The 200-day MA sits higher near $4.50, which could act as resistance if momentum continues.

🔹 Momentum Indicators

• RSI (Relative Strength Index) is sitting near 52, which suggests neutral momentum. Plenty of room before becoming overbought.

• MACD is showing early signs of a bullish crossover, hinting at possible upward momentum.

🔹 Support & Resistance

• Support levels: $3.80 → $3.60

• Resistance levels: $4.20 → $4.50 (key breakout zone)

🔹 Bullish Case

If $OPEN can break above $4.20 with strong volume, the next test is $4.50, and from there, a breakout could open the door (pun intended 😅) toward $5+.

🔹 Bearish Case<

If it fails to hold $3.80, we could see a retest of $3.60 or lower before buyers step back in.

💬 What’s everyone else seeing on their charts? Are you leaning bullish or bearish this week?