Open Price

Open Price is the initial trading price of an asset at the start of a trading session. It is a critical indicator for traders, providing a reference point to assess market trends and investor sentiment. The open price is determined by the first transaction of an asset during the market's opening. It helps in analyzing price movements and market dynamics throughout the day. In the context of a crypto/fiat exchange like ChicksX, understanding open price is essential for effective trading strategies and making informed decisions based on market conditions.