OKB Price Prediction 2022 – Will OKB Hit $50 Soon?
- Bullish OKB price prediction is $32.109 to $45.008.
- The OKB price might also reach $50.
- OKB bearish market price prediction for 2022 is $12.326.
In OKB (OKB) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about OKB to analyze the future movement of the cryptocurrency.
OKB Current Market Status
According to coingecko, the price of OKB is $28.75 with a 24-hour trading volume of $248,376,225 at the time of writing. However, OKB has decreased to 2.1% in the last 24 hours.
Moreover, OKB has a circulating supply of 262,680,011 OKB. Currently, OKB trades in cryptocurrency exchanges such as OKEx, FTX, Huobi Global, HitBTC, and Gate.io.
What is OKB (OKB)?
OKB is the OKEx utility token that allows users to gain access to the cryptocurrency exchange’s unique features. The coin is used to calculate and pay trading fees, to grant users voting and governance access on the platform, and to reward users for holding OKB. Since its inception in 2017, OKEx has grown to become an international trade floor.
OKB (OKB) Price Prediction 2022
OKB holds the 28th position on CoinGecko right now. OKB price prediction 2022 explained below with a weekly time frame.
The rising wedge pattern is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. A rising wedge pattern can be one of the most difficult patterns to accurately recognize and trade.
Currently, OKB is at $28.82. If the pattern continues, the price of OKB might reach the resistance level to $32.109 and $43.775. If the trend reverses, then the price of OKB may fall to $12.326.
OKB (OKB) Support and Resistance Level
The below chart shows the support and resistance level of OKB.
From the above daily time frame, it is clear the following are the resistance and support levels of OKB.
- Resistance Level 1 – $33.394
- Resistance Level 2 – $45.008
- Resistance Level 3 – $62.814
- Support Level 1 – $24.586
- Support Level 2 – $19.036
- Support Level 3 – $9.586
- Support Level 4 – $5.037
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 $62.814.
Accordingly, if the investors turn against the crypto, the price of the OKB might plummet to almost $5.037, a bearish signal.
OKB Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of 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, RVOL of OKB lies below the cutoff line, indicating weaker participants in the current trend.
More so, the OKB’s Moving Average (MA) is shown in the chart above. Currently, OKB is in a bullish state. Notably, the OKB price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of OKB at any time.
Meanwhile, the relative strength index (RSI) of the OKB is at level 58.43. This means that OKB is in a neither overbought nor oversold state. However, this means a major price reversal of OKB may occur in the upcoming days.
OKB Price Prediction 2022 — ADX, RVI
Let us now look at OKB’s Average Directional Index (ADX). 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. Currently, OKB lies in the range at 19.518, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of OKB. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of OKB lies above the 50 level, indicating that the direction of volatility is high. In fact, OKB’s RSI is at the 58.43 level thus confirming a potential buy signal.
Comparison of OKB with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum and OKB.
From the above chart, we can identify the trend of the ETH and BTC is moving at the downward trend. But, the recent trend of OKB moves in an upward direction.
Conclusion
With continuous improvements in the OKB network, we can say that 2022 is a good year for OKB. For this reason, the bullish price prediction of OKB in 2022 is $45. On the other hand, the bearish OKB price prediction for 2022 is $12.326.
Furthermore, with the advancements and upgrades on the OKB ecosystem, the performance of OKB would rise reaching $32 very soon. But, it might also reach $50 if the investors believe that OKB is a good investment in 2022.
FAQ
The OKB token allows for the simultaneous creation of many scalable applications. A layered design also enhances scalability and security.
OKB has listed on many crypto exchanges which include OKEx, FTX, Huobi Global, HitBTC, and Gate.io.
With the ongoing developments and upgrades within the OKB platform, it has a high possibility of reaching its ATH soon.
On May 03, 2021, 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 OKB in the past few months, OKB is considered a good investment in 2022.
OKB (OKB) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then OKB (OKB) will hit $50 soon.
OKB (OKB) price is expected to reach $58 by 2023.
OKB (OKB) price is expected to reach $65 by 2024.
OKB (OKB) price is expected to reach $72 by 2025.
OKB (OKB) price is expected to reach $80by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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