According to coinmarketcap, the maximum supply of OKB is around 300M OKB and the circulating supply is around 60M OKB. It holds the 79th rank according to market cap and has a market dominance of about 0.06%.
At the time of writing, OKB is being traded at the price of $27.14 with an increase of almost 5.87% in the last 24 hours. OKB is a really strong token fundamentally. The maximum and minimum today are $28.02 and $24.93 respectively. The daily trading volume has also increased by almost 22.75%. OKB had created its ATH in May 2021 and reached a price of almost $44.355. The price later dropped down to a price of almost $8.50. Since then the price started moving upwards and has been on the same trajectory since then. The past two months have been bullish. In October, we saw an increase of about 32.62% and in November, it was around 19.83%.
Technical Analysis – OKB
On the daily time frame, we can see that the price has been continuously moving in the uptrend and making higher highs.
The price was respecting the trend line and moving upwards. But soon, it failed to create another higher high and resulted in the break of structure. This break of structure initiated the fall. The price fell down to touch the last lower low from where it had bounced off. By doing this it had gotten the necessary fuel to move upwards.
Now the first hurdle in the way is the structural shift. If the price gets above it and becomes stable we can expect the price to continue moving upwards and create higher highs. In case the price fails and mitigates the top we can expect OKB to drop down and touch the order block below (which was formed by the impulsive move upwards). From there we can look for possible longs if we get enough confluences about the price movement.
Price Prediction – OKB (OKB)
According to wallet investor OKB is a good investment and is providing a great return. According to them, OKB is supposed to reach the value of $39.060 in a single year and in five years the price is expected to reach a value of $99.607. But people who trade are quite optimistic about the price and think that it would reach quite a high value.
