Open Price

The open price is the first price at which an asset is traded when a new trading session or time interval begins. It marks the starting point for that period’s price action.

How Open Price Works

In traditional markets, the open price reflects the value of an asset when the market officially opens for the day. In crypto, where trading is 24/7, it usually refers to the price at the start of a specific time frame, like a daily or hourly chart. It’s one of the key components in candlestick charts, alongside high, low, and close prices.

Why Open Price Matters

The open price helps traders analyze market sentiment at the start of a session. Comparing it with the close price from the previous period can indicate momentum, trend shifts, or gaps. It’s also used in technical analysis and trading strategies.