I wanted to see whether $OPEN 's highs would keep moving lower, so I pulled up the daily candles for Binance OPENUSDT. Based on UTC closes, the latest 90 completed daily candles run from August 12 through November 9; the November 10 candle is still in progress and isn't included. For the daily gains and losses mentioned below, I'll use both the change from that day's open to close and the change from the previous close to that day's close. A high is considered lower when the day's high is below the previous day's high; six or more consecutive days of lower highs count as one sequence.

Over 90 days, $OPEN moved from an opening price of 0.2115 on August 12 to a closing price of 0.0902 on November 9, down 57.35%. Over the same period, $BTC rose 18.50% and $ETH rose 13.42%. During these 90 days, there were 44 bullish candles and 46 bearish candles, with no candles that opened and closed at the same price. On August 12, it fell 6.15% from open to close, ending at 0.1985; measured from that close, it was down 54.56% by November 9.

The highest price came on the first day, August 12, at 0.2336, and the lowest price was on October 30, at 0.0773, 79 days apart. The price fell 66.91% from the high to the low. From the August 12 open to the high, it rose 10.45%. The November 9 close was 61.39% below the high; it would need to rise 158.98% to get back there. It was 16.69% above the low. The highest closing price was also on August 12, at 0.1985. The current close is 54.56% below that close, and would need to rise 120.07% to get back to it.

Apart from the first day, which can't be compared with an earlier high within the window, on 60 of the remaining 89 days the high was below the previous day's high, accounting for 67.42%; on 29 days it was above the previous day's high, accounting for 32.58%. On no day was the high exactly the same as the previous day's. Within the same stretch, $BTC had declining highs on 48 days, accounting for 53.93%; $ETH had them on 51 days, accounting for 57.30%.

These 60 days can be divided into 20 runs of consecutive declining highs. There were 5 runs lasting 1 day, 8 lasting 2 days, 1 lasting 3 days, 2 lasting 4 days, and 1 lasting 5 days. There were only 3 runs lasting 6 days or more: 2 lasted 7 days and 1 lasted 9 days. In the same stretch, $BTC had no run of declining highs lasting 6 days or more, while $ETH had just 1, lasting 6 days. The lowest price was above the previous day's low for 6 consecutive days only once in these 90 days: from September 3 to September 8, a total of 6 days.

Of the 60 days with declining highs, 37 were bearish candles and 23 were bullish. On average, the price fell 1.66% from the open to the close that day, fell 1.68% relative to the previous close, and the high was 2.93% below the previous day's high. On the other 29 days, when the high did not decline, the price rose an average of 1.04% relative to the previous close.

The first run lasted 7 consecutive days, from August 28 to September 3. The previous day, August 27, had a high of 0.162 and a close of 0.1608. This run opened at 0.1606 on August 28 and closed at 0.1201 on September 3, a 25.22% drop from open to close and a 25.31% drop relative to the August 27 close. The high was also 24.75% below 0.162. On September 4, the high was 0.1238, up 1.56% from the previous day's high of 0.1219. The close was 0.122, up 1.67% from the open and 1.58% relative to the previous close. Looking ahead a full 5 days, the price rose 9.16% relative to the September 3 close.

The second run lasted 7 days, from October 3 to October 9. The day before it began was October 2, with a high of 0.1361 and a close of 0.1269. The price opened at 0.1268 on October 3 and closed at 0.1091 on October 9, a 13.96% drop from open to close and a 14.03% drop relative to the October 2 close. At the end of this run, the high was 0.11, 19.18% below 0.1361. The run was interrupted on October 10: the high reached 0.113, up 2.73% from the previous day's high of 0.11. The open was 0.1091 and the close was 0.1105, up 1.28% from the open and also 1.28% relative to the previous close. Over the following full 5 days, however, the price fell 7.15% relative to the October 9 close.

The longest run lasted 9 consecutive days, from October 11 to October 19. The previous day was October 10, mentioned above, with a high of 0.113 and a close of 0.1105. This run opened at 0.1105 on October 11 and closed at 0.0917 on October 19, a 17.01% drop from open to close and also a 17.01% drop relative to the October 10 close. The high was 17.70% below 0.113. Average trading volume over the 9 days was about 1.9798 million USDT. On October 15, the open was 0.1013, the high was 0.1019—still below the previous day's high of 0.1044—the low was 0.0921, and the close was 0.0989, down 2.37% from the open. Trading volume that day was 8.8853 million, the highest of these 90 days, about 7.60 times the daily average. On October 20, the high was 0.0993, up 6.77% from the previous day's high of 0.093. The close was 0.0966, up 5.23% from the open and 5.34% relative to the previous close. Looking ahead a full 5 days, the price rose 5.89% relative to the October 19 close. In the 21 days after this run ended on October 19, through November 9, the close of 0.0902 was 1.64% below 0.0917.

On the first day after each of these 3 runs ended, the high was again above the previous day's high, and the close was higher than at the end of the run. The average gain was 2.74%, with all 3 rising. In all 3 cases, a full 5 days of subsequent data were available; after 5 days, the average gain was 2.63%, with 2 rises and 1 fall.

Dividing the 90 days into three periods: from August 12 to September 10, the price fell 43.03% from open to close, with declining highs on 20 days, including 1 run of 7 consecutive days. From September 11 to October 10, it fell 8.37%, also with declining highs on 20 days, including 1 run of 7 consecutive days. From October 11 to November 9, it fell 18.37%, again with declining highs on 20 days, including 1 run of 9 consecutive days. Over the most recent 14 days (October 27 to November 9), the price fell 0.99% from open to close, with declining highs on 7 days. Over the most recent 7 days (November 3 to November 9), it rose 9.07%, with declining highs on 3 days. The most recent 2 days are November 8 and November 9; the high was below the previous day's high on both days, but this has not yet formed a run of 6 consecutive declining highs or more. Average daily trading volume over these 90 days was about 1.1685 million USDT, and about 917,400 over the most recent 7 days. Average trading volume on the 60 days with declining highs was 1.2375 million, compared with 1.0304 million on the other 30 days.

These figures only show that, during these 90 days, $OPEN had a high below the previous day's high on 60 of the 89 comparable days; that there were 3 runs of declining highs lasting 6 consecutive days or more; that the overall change from open to close was a 57.35% drop; and that the close was still 61.39% below the high of 0.2336. They cannot tell you whether 0.0902 will return to 0.2336, or how long the next run of consecutive declining highs will last. This is a measure of whether the high was below the previous day's high during these 90 days, and whether such declines occurred consecutively—not a prediction of future price movements.

When you look at $OPEN this pattern of highs moving lower over several consecutive days, do you focus more on the longest of those 3 runs, the 9-day one, or first look at the 21 days after the run that ended on October 19, when the close was still 1.64% below the run's ending price of 0.0917?