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- The OKB price suddenly rebounded and drew the ascending trendline.
- Trading volume displayed a 100% increase in the last 24 hours.
- The Daily RSI indicator reached above the semi-line after dipping into the oversold zone.
The OKB token curved its directional momentum to the higher side last night. After yesterday’s bounce, investors observed higher-low formation in terms of the daily price scale. This bullish sign helped inventors to draw an ascending trendline, which may support bulls in upcoming trading sessions.
However, OKB crypto noted a sharp decline in the last 20-day, which resulted in nearly 40% profit for investors till its weekly low. After becoming aggressive, bulls have reclaimed 22.9% profit in a single day. Now bulls have upside space to regain the resistance zone soon. Meanwhile, altcoin against the USDT is trading at the $16.5 mark at the time of writing.
Buyers have a key hedge zone near $9.5 to 10.5 (green zone), in fact, the conceptual round level stood to be a pumping zone for a long time. On the flip side, the next round level of $20 may generate volatility ahead. Also, the volatility is increasing in OKB price, as well as, trading volume displayed a 100% increase in the last 24 hours, recorded at $59.2 Million.
RSI Moved Above Semi-line Over Daily Price Scale
Amid an unexpected rebound, the market cap of OKB token is moving near $1 Billion. However, bulls need to add $7.36 Million for celebration. Moreover, the pair price of OKB along with the Bitcoin pair observes at 11% at 0.0008034 Satoshis.
The Daily RSI indicator reached above the semi-line after dipping into the oversold zone. In addition, MACD is going to reflect a bullish crossover in negative regions over the daily price scale.
Conclusion
The OKB token is close to hitting the next round level of $20, bulls may see a minor pullback here. Despite this fact, technical indicators like RSI and MACD favor the bullish side.
Support level – $13 and $10
Resistance level – $20 and $25
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
