OKB Price Rises to $25 Level As Bullish Momentum Continues
- OKB is trading at $24.92, and reached an intraday high of $25.22.
- OKB may target to reach new highs near $30 in the near term.
According to OKB price analysis, the token is trading in a horizontal range between $24.17 and $25.22.
Currently, OKB is trading at $24.92, and reached an intraday high of $25.22. OKB’s price has been holding at $21.2 for several days now, which indicates a bullish market sentiment.
As per the OKB’s price analysis, a break of resistance at current levels will confirm an uptrend, giving rise to further gains in the near future. In light of the strong support over $21, investors may profit from further buying at this level.
For bullish momentum to continue, OKB’s price must stay above $23. In case, OKB breaches this level may create a bearish trend that will push prices lower in the near future.
On the daily chart, OKB trades above the 100 SMA, suggesting a continuation of bullish momentum. Additionally, the coin’s price is trading above its 200 SMA, which indicates that investors remain confident about further gains in the near term. In current conditions, the Relative Strength Index (RSI) is 59.21%, which indicates an overbought condition.
Based on the Fib retracement levels, bulls may encounter some resistance between $24.9 and $25.0 in the near term, which could impede future gains. Breaking above this level could confirm an uptrend, as it represents a crucial support and resistance level.
Furthermore, the increasing volume is also a good sign as it indicates a surging interest in OKB by traders. If bulls can sustain their momentum, the OKB may target to reach new highs near $30 in the near term.
Read more: https://thenewscrypto.com/okb-price-rises-to-25-level-as-bullish-momentum-continues/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
