OKB is a utility token issued by the OK Blockchain Foundation. With OKB, you can get trading discounts up to 40%, earn passive income, and participate in myriad open-source blockchain projects. The Okexchain ecosystem is soon expected to launch its mainnet that will facilitate decentralized, borderless, fast, and secure digital currency transactions. The OKB technical analysis is as follows:
<h2><b>Past Trends</b></h2>
On April 23, 2021, OKB started trading at $16.53. On April 29, 2021, OKB closed at $19.18. Thus, <a href="https://www.cryptoknowmics.com/news/okb-technical-analysis-price-may-fall-below-support-levels-of-1679-and-1608/">in the past week</a>, the OKB price has surged by roughly 16%. In the last 24 hours, OKB has traded between $18.41-$21.06.

<img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/q/qa6npmpy.png" alt="https://s3.tradingview.com/snapshots/q/qa6npmpy.png" width="718" height="437" />

<a href="https://s3.tradingview.com/snapshots/q/qa6npmpy.png">https://s3.tradingview.com/snapshots/q/qa6npmpy.png</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, OKB is trading at $20.84. The price has increased from the day’s opening price of $19.18. Thus, the market seems healthy.

The <strong>MACD and signal lines</strong> are positive. Thus, the overall market momentum is bullish. However, a bearish crossover by the MACD line over the signal line has occurred. Hence, we can expect an intermittent price pullback amidst a rising price trend.

Currently, the <strong>RSI indicator</strong> is at 60%. It faced rejection at 52% and rose to the current level. Thus, buying pressures are slowly increasing. Hence, like the MACD indicator, the RSI indicator is also pointing to a further price rise.

Besides, the <strong>OBV indicator</strong> is upward sloping. This implies that buying volumes are higher than selling volumes. High demand for crypto will push its price further up.

In a nutshell, all three oscillators are showing bullish signals, but intermittent price pullbacks cannot be ruled out.
<h2><b>OKB Technical Analysis</b></h2>
As per technical analysis, currently, the price is above the first <strong>Fibonacci pivot resistance level</strong> of $20.56. As all the indicators have shown positive signals, we can expect the price to break out of the subsequent resistance levels of $21.19 and $22.20 respectively, in some time.

The price has tested and broken out of the <strong>23.6% FIB retracement level</strong> of $20.43. Hence, as of now, the bullish forces are strong. Thus, we can expect the price uptrend to continue today and tomorrow with intermittent price pullbacks as a part of the price adjustment process.

OKB Technical Analysis: Expect Price to Breakout of $21.19 and $22.20

OKB tested and broke out of the 23.6% FIB retracement level of $20.43. Hence, as of now, the bullish forces are strong. Thus, we can expect the price uptrend to continue today and tomorrow with intermittent price pullbacks as a part of the price adjustment process.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

OKB Technical Analysis: Expect Price to Breakout of $21.19 and $22.20

Top Picks