The OKB worth evaluation is strongly bullish for right now because the coin has rallied excessive sufficient to problem its personal document excessive. OKB’s worth has jumped to $53.9 as bulls proceed to rally excessive for the third consecutive day, and the bullish momentum appears fairly sturdy. The cryptocurrency retraced after peaking at $58 on February 17, 2023, however bulls began to indicate momentum once more on April 13, 2023, and the value has neared its earlier document excessive in an aggressive method.
OKB/USD 1-day worth chart: Bulls in the hunt for new grounds
The 1-day worth chart for OKB worth evaluation reveals the bulls have been controlling the market principally for the previous week as the value pattern line is upward. The OKB/USD is presently buying and selling at $53.9, nearing a document excessive. The coin has gained greater than 16 % of its worth over the past 24 hours, and the coin has additionally proven a 31 % improve in worth over the previous seven days. The transferring common indicator within the one-day worth chart is buying and selling at $44.4. The buying and selling quantity has additionally elevated tremendously by 277 % right now, which is a really excessive determine.
The volatility has been excessive, with the Bollinger bands increasing at a quick tempo. The higher band is at $49.4 beneath the value degree, representing help for OKB, and the decrease band is at $36.5, representing the strongest help for the OKB/USD worth. The Relative Energy Index (RSI) rating has entered the overbought area at index 76, however the indicator hasn’t given a promote name but as its curve hasn’t turned down.
OKB worth evaluation: Latest developments and additional technical indications
The four-hour OKB worth evaluation is exhibiting indicators of an upswing as the value has improved remarkably in the course of the day. The bullish momentum has been intensifying over the previous few hours once more, and the value has been progressing upward. A 12 hour lengthy correction was additionally noticed right now, however bulls nonetheless appear aggressive. Presently, the value is on the $53.9 mark, and it might shut even increased right now.
The volatility can also be excessive on the 4-hour worth chart, as its higher worth has reached the $56.6 restrict and its decrease worth is on the $38 place; the indicator reveals excessive volatility for OKB. The Bollinger bands keep the typical worth of $47.3. The RSI rating is growing once more as the value goes up once more as a result of current shopping for exercise available in the market. The RSI indicator reveals a studying of 77 on the 4-hour chart because it trades within the overbought area, and the curve is upward.
OKB worth evaluation conclusion
The OKB worth evaluation reveals bulls are exhibiting outstanding efficiency and the coin has rallied excessive right now in the direction of $53.9, as it could hit a brand new document excessive right now. We count on OKB/USD to shut the day with a brand new ATH or close to the earlier all-time excessive.