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- The OKB is trading at its all-time high price.
- The current price of OKB is around $43.03.
- OKB prices rose by 7.20% during the last intraday trading session.
The OKB is trading at its all-time high prices and the coin has gained an upward momentum from the start of 2023. Now the coin follows an upward trend and the build is dominating the market of the OKB. The bears are trying to enter the trade but the bullish dominance is crushing their efforts.
The OKB is currently trading at $43.03 and has increased by approximately 7.20% in the last 24 hours. The coin is about to reach the resistance of $45.605. If the coin rebounds or bears dominate the OKB then the coin may drop to the primary support of $38.880.
The increasing volume indicates the buyers are getting restless and has shown a rise by approximately 23.53%. The buying of the coin is getting stronger. The volume-to-market cap ratio is 0.0226.
Technical indicators movement over OKB
The technical indicators show that the RSI is in the overbought zone. The current RSI is 62.09 and the average is around 66.15. The selling is getting weaker as the MACD and MACD have intersected earlier giving a negative crossover but are now on the urge to intersect.
Bearish in long run
OKB price trends suggest prices to face rejection near $45.5 and form a downtick. If the rejection occurs, OKB prices can fall to the support zones, and move sideways. For the Q1 of 2023, the highly volatile volume can show dormancy with flat prices. The support of $20.00 can be relied on for that duration. The new support and resistance will then define the further price movement.
Conclusion
The current market trend for OKB is bullish currently. The coin may rebound from its resistance as OKB is a promising coin in such a volatile cryptocurrency market. The coin is trading at its all-time high price and it may get reversed if the bears are able to take over the OKB . The buying is also increasing which can be a positive sign for the traders.
Technical Levels-
Resistance level- $45.605
Support level- $38.880 and $34.816
Disclaimer-
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
