OKB (OKB) Price Prediction 2022 – Will OKB Hit $35 Soon?
- Bullish OKB price prediction for 2022 is $23.702 to $33.440.
- The OKB price will also reach $35 soon.
- Bearish OKB price prediction for 2022 is $6.342.
In OKB (OKB) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about OKB to analyze the future movement of the cryptocurrency.
OKB (OKB) Current Market Status
According to CoinGecko, the price of OKB (OKB) is $17.40 with a 24-hour trading volume of $14,945,931 at the time of writing. However, OKB has increased to 0.3% in the last 24 hours.
Moreover, OKB (OKB) has a circulating supply of 256,388,091 OKB. Currently, OKB trades in cryptocurrency exchanges such as OKX, BKEX, BitMart, LBank, MEXC, FTX, and Gate.io.
What is OKB (OKB)?
OKB (OKB) is the native cryptocurrency of the OKX crypto exchange. The Malta-based exchange, OKX separated from the China-based OKCoin exchange platform and became independent in 2017. OKCoin exchange aids fiat-crypto trading whereas OKX supports cryptocurrency and derivatives trading.
Its native exchange token, OKB was launched as an ERC-20 token in 2018. OKB primarily serves as the trading fees within the platform. Users gain voting rights on holding the OKB tokens. OKB also provides discounts to the exchange users and is also offered to users as rewards.
OKB (OKB) Price Prediction 2022
OKB (OKB) holds the 21st position on CoinGecko right now. OKB price prediction 2022 is explained below with a daily time frame.
The above chart of OKB (OKB) laid out an inverted head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right shoulder.
This pattern can be a potential signal for the upcoming bullish market. If the price action establishes a breakout above the neckline resistance, the price might rise up to new highs.
Currently, OKB (OKB) is at $17.748. If the pattern continues, the price of OKB might reach the resistance level of $23.702, and $33.440. If the trend reverses, then the price of OKB may fall to $16.144, $9.647, and $6.342.
OKB (OKB) Support and Resistance Levels
The chart below shows the support and resistance levels of OKB (OKB).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for OKB (OKB).
| Resistance Level 1 | $23.702 |
| Resistance Level 2 | $33.440 |
| Support Level 1 | $16.144 |
| Support Level 2 | $9.647 |
| Support Level 3 | $6.342 |
The charts show that OKB has performed a bullish trend over the past month. If this trend continues, OKB might run along with the bulls overtaking its resistance level at $33.440.
Accordingly, if the investors turn against the crypto, the price of the OKB might plummet to almost $6.342, a bearish signal.
OKB (OKB) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of OKB (OKB) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of OKB lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of OKB (OKB) is shown in the above chart. Notably, the OKB price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, OKB is in a bullish state. There is a possibility of a reversal trend of OKB at any time.
Meanwhile, the relative strength index (RSI) of the OKB is at a level of 43.83. This means that OKB is in an oversold state. However, this gives confidence to the traders to trade without any fear.
OKB (OKB) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of OKB (OKB). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of OKB (OKB). Currently, OKB lies in the range of 37.062, indicating a strong trend.
From the above chart, the Relative Volatility Index (RVI) of OKB (OKB). RVI measures the constant deviation of price changes over a period of time. The RVI of OKB lies below 50, indicating low volatility. In fact, OKB’s RSI is at 43.83, thus confirming a potential buy signal.
Comparison of OKB with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and OKB (OKB).
From the above chart, we can interpret ETH, BTC, and OKB are moving in a similar trend. This indicates that when the price of BTC or ETH increases or decreases, the price of OKB also increases or decreases respectively.
OKB (OKB) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, OKB (OKB) might probably attain $60 by 2023.
OKB (OKB) Price Prediction 2024
With several upgrades in the network, OKB (OKB) might enter a bullish trajectory. If the coin grabs the attention of major investors, OKB might rally to hit $85 by 2024.
OKB (OKB) Price Prediction 2025
If OKB (OKB) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, OKB would rally to hit $100.
OKB (OKB) Price Prediction 2026
If OKB (OKB) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, OKB would rally to hit $125.
OKB (OKB) Price Prediction 2027
If OKB (OKB) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, OKB would rally to hit $160.
OKB (OKB) Price Prediction 2028
If OKB (OKB) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, OKB would hit $190.
OKB (OKB) Price Prediction 2029
If investors flock in and continue to place their bets on OKB (OKB), it would witness major spikes. OKB might hit $225 by 2029.
OKB (OKB) Price Prediction 2030
With greater advancements in the OKX ecosystem, the crypto community might continue to invest in OKB (OKB) for the next 8 years and drive significant price rallies for the token. Hence, OKB (OKB) might hit $260 by 2030.
Conclusion
With continuous improvements in the OKX ecosystem, we can say that 2022 is a good year for OKB. For this reason, the bullish price prediction of OKB (OKB) in 2022 is $33.44. On the other hand, the bearish price prediction of OKB (OKB) for 2022 is $6.342.
Furthermore, with the advancements and upgrades in the OKX ecosystem, the performance of OKB (OKB) might hit $35 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $44.01 in the near future.
FAQ
OKB (OKB) is the native token of the OKX. OKX, formerly OKEx, is a cryptocurrency exchange that was launched in 2017. OKX token is used as trading fees, and rewards within the exchange.
OKB (OKB) has been listed on many crypto exchanges which include OKX, BKEX, BitMart, LBank, MEXC, FTX, and Gate.io.
With the ongoing developments and upgrades within the OKX platform, OKB (OKB) has a high possibility of reaching its ATH soon.
On May 3, 2021, OKB (OKB) reached its new all-time high (ATH) of $44.01.
OKB (OKB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of OKX in the past few months, OKB is considered a good investment in 2022.
OKB (OKB) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then OKB (OKB) will hit $35 soon.
OKB (OKB) price is expected to reach $60 by 2023.
OKB (OKB) price is expected to reach $85 by 2024.
OKB (OKB) price is expected to reach $100 by 2025.
OKB (OKB) price is expected to reach $125 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Recommended For You
Read more: https://thenewscrypto.com/okb-okb-price-prediction-2022-will-okb-hit-35-soon/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
