2 days ago
After pulling back for two weeks, OKB found support and bounced back with over 10% gains in the last 24 hours. It appears highly bullish on the daily chart while several altcoins are currently taking a downturn. Last month marked a slight turnaround in OKB’s landscape after sharply rejecting the $38 level with a bounce. This led to a major surge, and the price exploded massively to $54, its highest level in a month. Unfortunately, it faced a rejection in the mid-month, and the price dropped steadily on a pullback mode. Crossing over into this month on a weak note, it found support above $45 on Thursday and resurged strongly to where it is priced at $51.6. We may see a drop if the bears intercept. Considering the latest surge in volatility, the bulls appear to be gaining control on the daily chart. A strong weekly close could facilitate a key break above the previous monthly high. If that comes into play, bigger price movements should be expected in the coming week. While this surge signals a potential bullish move, the trend may reverse if the price climbs above $65 capable of activating a major rally on the mid-term scale. Right now, it is too early to consider a reversal pattern as many obstacles lie ahead for the bulls, even if they sustain pressure. OKB’s Key Levels to Watch Source: Tradingview Ahead of the bulls lies the $54 resistance level. Overcoming this close obstacle could pace the price to the $56.7 and $62 resistance levels. For a pullback, the $48.2 level is considered a nearby support. Failure to rebound could slip the price back to the weekly low of $45.1. The lower support level is marked at $40, followed by last month’s $38 low Key Resistance Levels: $54, $56.7, $62 Key Support Levels: $48.2, $45.1, $40 Price: $51.6 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
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Will $250 in Ethereum, XRP, and Bitcoin (BTC) Be Worth $25K in 2025? Experts Weigh In
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