<a href="https://coinmarketcap.com/currencies/okb/">OKB</a> is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, <a href="https://www.cryptoknowmics.com/news/canadian-regulator-slams-okex-for-violating-securities-law/">OKEx.</a> The exchange is one of the largest in the world and currently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. Jay Hao joined OKEx as CEO from the beginning, and he still holds the position. Hao has dedicated his career to technology and engineering. The OKB token plays an important role in the OKEx ecosystem. Let us look at the technical analysis of OKB.
<h2><b>Past Performance</b></h2>
OKB <a href="https://www.cryptoknowmics.com/news/okb-technical-analysis-price-trading-below-the-fibonacci-pivot-point-of-19-41-watch-the-support-level-of-19-16/">opened</a> on 13 October 2021 at $15.99. The week witnessed a steep uptrend in the price. It closed yesterday at $19.62 with a weekly change of 22.7%.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/w/WMXGuDp5.png" alt="TradingView Chart" />

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Source: <a href="https://www.tradingview.com/x/WMXGuDp5/">https://www.tradingview.com/x/WMXGuDp5/</a>
<h2><b>OKB Technical Analysis</b></h2>
The OKB price took crucial support at $15.63 to start an uptrend. The uptrend is making a steep slope. The current trading price is $20.5 which is about 7.3% higher than yesterday’s close.

<strong>OBV</strong> is showing an uptrend as well. This means that the buying pressure is consistently dominating the selling pressure. This is a strong bullish signal. Traders may take a long position here.

<strong>RSI</strong> is currently at 68.29%. It is also on a sharp uptrend, meaning that the price is again likely to increase. The traders may take a long position. However, the trend may reverse itself after hitting the overbought region at 70%.

<strong>MACD</strong>, being a lagging indicator, is confirming the last week’s support and then the uptrend. This can be seen as the fast and the slow lines were overlapping each other, after which the fast line started moving upwards very quickly. There is no divergence of the MACD graph from the price chart.
<h2><b>Day-Ahead and Tomorrow</b></h2>
Fib numbers are suggesting that the next Fibonacci target is at $21.8, which is expected to reach soon.

Thus, the indicators are giving strong bullish signals. The traders may take a long position here by keeping the target at $23.49 and stop-loss at $18.073.

OKB Technical Analysis: Price Took Crucial Support at $15.63 to Start an Uptrend Making a Steep Slope

In the technical analysis, the OKB price took crucial support at $15.63 to start an uptrend. The uptrend is making a steep slope. The current trading price is $20.5 which is about 7.3% higher than yesterday’s close.

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: Price Took Crucial Support at $15.63 to Start an Uptrend Making a Steep Slope

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