OKB Price Rises to $25 Level As Bullish Momentum Continues

• OKB is trading astatine $24.92, and reached an intraday precocious of $25.22. 
• OKB whitethorn people to scope caller highs adjacent $30 successful the adjacent term.

According to OKB terms analysis, the token is trading successful a horizontal scope betwixt $24.17 and $25.22. 

Currently, OKB is trading astatine $24.92, and reached an intraday precocious of $25.22. OKB’s terms has been holding astatine $21.2 for respective days now, which indicates a bullish marketplace sentiment. 

As per the OKB’s terms analysis, a interruption of absorption astatine existent levels volition corroborate an uptrend, giving emergence to further gains successful the adjacent future. In airy of the beardown enactment implicit $21, investors whitethorn nett from further buying astatine this level.

For bullish momentum to continue, OKB’s terms indispensable enactment supra $23. In case, OKB breaches this level whitethorn make a bearish inclination that volition propulsion prices little successful the adjacent future.

OKB Price Chart (Source: TradingView)

On the regular chart, OKB trades supra the 100 SMA, suggesting a continuation of bullish momentum. Additionally, the coin’s terms is trading supra its 200 SMA, which indicates that investors stay assured astir further gains successful the adjacent term. In existent conditions, the Relative Strength Index (RSI) is 59.21%, which indicates an overbought condition.

Based connected the Fib retracement levels, bulls whitethorn brushwood immoderate absorption betwixt $24.9 and $25.0 successful the adjacent term, which could impede aboriginal gains. Breaking supra this level could corroborate an uptrend, arsenic it represents a important enactment and absorption level.

Furthermore, the expanding measurement is besides a bully motion arsenic it indicates a surging involvement successful OKB by traders. If bulls tin prolong their momentum, the OKB whitethorn people to scope caller highs adjacent $30 successful the adjacent term.