OKB has been rising over the past 24 hours, reflecting the recent recovery seen in most cryptocurrencies. It is currently on an upward trajectory and shows no signs of slowing down soon. Despite the slight losses seen earlier this week, OKB has bounced back and is trading above $20.

The coin is attracting more investor interest due to its unique blockchain and many facilities. The outlook for OKB today is bullish and is likely to continue in the next few days.

OKB Price and Vital Statistics

OKB is trading on the green horizon today with a 24-hour trading volume of $18,199,338, showing an increase of 7.57%. It is currently trading at $22.09 and has been making gains in the past few days.

OKB is currently ranked 35th in the market, and is enjoying an uptrend as more investors choose the currency.

OKB market performance

The OKB Foundation and the Maltese cryptocurrency exchange are credited to OKB Coin. Its token gives users access to special features on the exchange.

OKB has realistic applications for voting, governance and trading fee payment. OKB gives users up to 40% discount on transactions relative to the number of tokens they hold.

The project benefits from partnership with companies for various purposes. For example, TrueChain uses OKB for business transactions, Tripio is used for lodging, and Litex uses their mobile fuel card token. OKB capitalized on this widespread acceptance and reclaimed the public crypto market.

OKB Price Prediction – Will it Continue to Rise?

Analysis of support and resistance levels

OKB is currently trading at $22, which indicates positive price movement. The formation of horizontal candles at different time intervals can be seen on the chart. These candles indicate a trader’s lack of interest at some point.

However, OKB is still on the upside despite the market breakout resistance level at $17 fluctuating. The currency will soon test the strength of the next resistance level at 22.7. Pressure from the bulls is needed to maintain this rally.

The $8 and $10 support levels held with the $17 resistance turning into new support for OKB. Expect the price to rise in the coming days.

OKB price analysis with technical indicators

OKB price chart is showing encouraging signs today. The 50-day SMA crossed above the 200-day SMA is a golden cross formation. This is a sign of bullish momentum soon. The RSI at 59.20 shows that the currency is closing in the overbought zone, and the trend may continue.

MACD is showing a buy signal in its movement with the signal line. This setup is ideal for short-term trades.

The price of the coin will continue to rise between the $22-$24 range. Their price increase largely depends on investor confidence and adoption.

Potential projects to consider during a bear market

With the positive outlook for OKB, investors are looking for profitable projects to join. Ethereum He also did well last week. These three ERC-20 tokens are projects with great potential for investors.

Dash 2 Trading

This is a cryptocurrency trading platform that uses smart and innovative technologies. Dash 2 Trading It gives investors access to real-time analytics and social trading data. All that is required to gain access to the platform are its D2T tokens.

The D2T prequel brought in over $6.94 million. The third stage is ongoing and will end once it reaches the $8,757,000 mark. D2t will be listed on the LBank and BitMart exchanges at the end of the nine pre-sale phases.

RobotEra

It is a sandbox-like metaverse based on Ethereum. RoboEra The alpha version of his metaverse will be released in the first quarter of 2023. On the metaverse, players can create and play as bots as well.

The pre-sale price of his TARO token has risen to over $198,000.

IMPT

In an effort to reduce and combat carbon emissions, IMPT It is the project that should be invested in. This project is a marketplace for carbon credits backed by the Ethereum blockchain. Users can trade and earn NFT carbon offsets as a reward for shopping with green brands.

The IMPT presale has surpassed $13.18 million which is a sign of great things to come after launch.

conclusion

OKB is enjoying upward momentum at the moment. However, sustaining this pressure depends on investor adoption. OKB’s usefulness makes it a strong contender to stay relevant in the coming year.

You can also invest in ERC-20 tokens such as D2T, IMPT, and TARO.