OKB is a global utility cryptocurrency issued by the OK Blockchain Foundation. The OK Blockchain Foundation is a token economy system based on blockchain technology. OKB will connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx ecosystem that helps to advance the development of blockchain technology and the digital asset industry. Currently, the total supply of OKB is 300 million. https://ift.tt/3kvgRJK OKB has been trading in the range of $18.42 and the price has moved by 14.49% during the last 24 hours. OKB is part of the DeFi network. It currently holds a market cap of $1,086,877,741 and a circulating supply of 60,000,000 OKB coins. Trouble with OKex The currency struggled during the start of the bull market last year. With rumors of its CEO under criminal investigation and the halt on the exchange on withdrawals from mid-October to late November 2020. The exchange OKEx took various steps such as starting real-time settlements for all perpetual swaps, futures, and options contracts in a phased manner from the end of 2020. Price Levels Ahead The bulls have already pushed the price beyond $18. RSI is above 81 suggesting the OKB/USD pair overbought in the short term. If the price turns down, the first price retest is of the previous resistance turned support at $11.50. If there is a rebound from here, then this will be the new support level. However, if the price falls below $11.50, a possible fall in the 20-day EMA of $10.2 is also possible. A break below this support will tilt the advantage in favor of the bears. OKB has risen from $5.652, on Feb 1, to an intraday high at $12.555 on February 20, a 122% gain in less than three weeks. The token is currently in a strong uptrend but is nearing its target objective at $20.839. Look forward to a push ahead beyond the $20 in the near few days.
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