OKB Gained 37.09% in Last Month and is Predicted to Reach $ 58.12 By Feb 27, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• OKB is down -5.14% today against the US Dollar
• OKB/BTC decreased by -3.68% today
• OKB/ETH decreased by -2.69% today
• OKB is currently trading 13.73% below our prediction on Feb 27, 2023
• OKB gained 37.09% in the last month and is up 169.43% since 1 year ago

OKB price is expected to rise by 15.91% in the next 5 days according to our OKB price prediction

OKB price today is trading at $ 50.15 after losing -5.14% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.23% in the same time period. OKB performed poorly against BTC today and recorded a -3.68% loss against the world’s largest cryptocurrency.

According to our OKB price prediction, OKB is expected to reach a price of $ 58.12 by Feb 27, 2023. This would represent a 15.91% price increase for OKB in the next 5 days.

OKB Price Prediction Chart

Buy/Sell OKB

What has been going on with OKB in the last 30 days

OKB has been displaying a positive trend recently, as the coin gained 37.09% in the last 30-days. The medium-term trend for OKB has been bullish, with OKB increasing by 134.14% in the last 3 months. The long-term picture for OKB has been positive, as OKB is currently displaying a 169.43% 1-year price change. On this day last year, OKB was trading at $ 18.61.

OKB reached its all-time high price on Feb 18, 2023, when the price of OKB peaked at $ 58.54. The current OKB cycle high is $ 50.26, while the cycle low is at $ 49.80. OKB has been displaying high volatility recently – the 1-month volatility of the coin is at 13.05. OKB recorded 19 green days in the last 30 days.

OKB technical analysis for today - Feb 22, 2023

The sentiment in the OKB markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 48.93, $ 47.60 and $ 45.40, while $ 52.46, $ 54.66 and $ 55.99 are the key resistance levels.

Neutral sentiment for OKB

20 indicators are currently signaling a bullish prediction for OKB, while 9 indicators are showing a bearish forecast. With 69% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for OKB.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 60 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

OKB moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how OKB is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for OKB is at 66.06, suggesting that OKB is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of OKB over the last 50 days. Currently, OKB is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the OKB closing price for the last 200 days. OKB is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this OKB prediction

After considering the above factors, we can conclude that the current forecast for OKB price prediction is Neutral. OKB would have to increase by 15.91% to hit our $ 58.12 target within the next five days. Moving forward, it will be important to monitor the OKB market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term OKB price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

by coincodex