OKB, the native token of the OKX Exchange, has recorded substantial gains today in a bearish crypto market. The utility token saw a price...

Join Our Telegram channel to stay up to date on breaking news coverage The utility token price of the cryptocurrency The Open Network (TON) has...

OKEX or OKX, as they have recently rebranded to (more on that later), is a large cryptocurrency exchange and one of the OG’s in the crypto space established all the way back in 2016. Using its expertise in the spot market, OKX offers its users the opportunity to trade Futures, perpetual swaps and options markets. In […]

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The world’s wealthiest Ethereum (ETH) whales are presently stocking enormous quantities of one stablecoin and two other altcoins, according to blockchain tracker WhaleStats. More USD Coins (USDC), Circle’s dollar-pegged stablecoin, are now held by the top 500 Ethereum addresses than any other asset. USDC is worth $1.64 billion to the whales, accounting for 13.38 percent …

OKB (OKB), the native token of the OKEX exchange, has seen a decent surge…

The post OKB (OKB) sees massive gains after Manchester City announced a partnership agreement with OKEX appeared first on Coin Journal.

Manchester City strikes a deal with OKX exchange. This will make the crypto exchange enter into a sports-lead world. OKB ...

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Following perhaps the most important year for cryptocurrency to date, the first month of January is already seeing some exciting movements in the industry. One event has caught the eye of crypto investors – the initial coin offering (ICO) of Stream Coin (STRM). Stream Coin will develop an all-in-one blockchain-based livestreaming platform called MeiTalk that […]

OKB coin price action forms a descending triangle pattern with the newly formed resistance trendline. Will the bulls manage to break above this pattern? OKB is a cryptocurrency that was created through the OK Blockchain Foundation and Maltese cryptocurrency exchange, OKEx. The exchange is among the biggest in the world and currently is third in terms of liquidity, fourth in terms of trading volume, and has a broad range in trading pairs. OKEx is very similar to the giant cryptocurrency exchange Binance in many ways, however, there are some key distinctions. The platform offers its own cloud mining services, and the company is more focused on offering options trading services to customers. Let us move ahead to read about OKB technical analysis. Past Performance of OKB The OKB coin price struggles to rise above the horizontal level at $27.5 resulting in the downfall of 4.60% in the past 24 hours. Nonetheless, the price action shows an 11% jump in the last week from the support zone at $24. However, the tweezer top formation hints at a downfall back to the support zone. OKB/USD Daily Chart OKB Technical Analysis The OKB coin price action shows the formation of a resistance trendline in the daily chart. The trendline creates the image of a descending triangle pattern with the base at $24. Crucial EMAs (50, 100, and 200) rise higher in a bullish alignment in the daily chart. However, the price breaks below the 50-day EMA and finds support at the 100-day EMA. Meanwhile, the 200-day EMA stands strong beneath the triangle pattern. The RSI indicator at 48% shows the slope moving in a zig-zag movement near the central line in the daily chart. The slope reapproaches the central line as the 14-day SMA shows a gradual reversal. The Stochastic RSI indicator reflects a high possibility of a bearish crossover between the K and D in the daily chart. Therefore, a bearish retracement within the triangle is plausible. Taking a bearish stand, the technical analysis shows a rise in selling pressure and forecasts a reversal within the triangle.  Upcoming Trend The OKB coin price action plans to resonate within the triangle pattern before giving a crucial breakout and setting the upcoming trend. However, the recent bearish retracement brings a shorting opportunity with a target near $24.   However, safe traders should be patient till the pattern breakout to avoid sudden reversal within the triangle.  The OKB coin price chart suggests a bullish breakout of the triangle can face opposition at $28 and $31. And, if the bears control the upcoming trend, prices can find support at 200-day EMA and $20. At press time, the technical analysis by TradingView projects “NEUTRAL” sentiments for the OKB coin. Technical Analysis for OKBUSD

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