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OKB (OKB) Price Prediction 2022 — Will OKB  Hit $25 Soon?

Hannah Carter 2022.11.23 22:40
  • Bullish OKB  price prediction is $22.651 to $34.997.
  • OKB (OKB) price might also reach $25 soon.
  • Bearish OKB price prediction for 2022 is $9.658.

In OKB (OKB) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about OKB  to analyze the future movement of the cryptocurrency. 

OKB (OKB) Current Market Status

According to CoinGecko, the price of OKB (OKB) is $21.19 with a 24-hour trading volume of $20,251,473  at the time of writing. However, OKB  has increased by nearly 4.5% in the last 24 hours.

Moreover, OKB (OKB) has a circulating supply of 60,000,000 OKB. OKB (OKB) trades in cryptocurrency exchanges such as FTX, Gate.io, LBank, MEXC and BitMart.

What is OKB (OKB)?

OKB (OKB) is the native cryptocurrency of the OKX crypto exchange. The Malta-based exchange, OKX separated from the China-based OKCoin exchange platform and became independent in 2017. OKCoin exchange aids fiat-crypto trading whereas OKX supports cryptocurrency and derivatives trading. 

Its native exchange token, OKB, was launched as an ERC-20 token in 2018. OKB primarily serves as the trading fees within the platform. Users gain voting rights on holding the OKB tokens. OKB also provides discounts to the exchange users and is also offered to users as rewards.

OKB (OKB) Price Prediction 2022

OKB (OKB) holds the 15th position on CoinGecko right now. OKB  price prediction 2022 is explained below with a daily time frame.

OKB /USDT Ascending Channel Pattern (Source:OKBUSDT/?exchange=OKX" target="_blank" rel="noreferrer noopener nofollow"> Tradingview)

The above chart of OKB (OKB) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

Currently, OKB (OKB) is in the range of $21.19. If the pattern continues, the price of OKB   might reach the resistance levels of $22.651 and $34.997 If the trend reverses, then the price of OKB  may fall to $9.658.

OKB (OKB) Support and Resistance Levels

The chart below shows the support and resistance levels of OKB (OKB).

OKB/USDT Support and Resistance Levels (Source: OKBUSDT/?exchange=OKX" target="_blank" rel="noreferrer noopener nofollow">Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for OKB (OKB). 

Resistance Level 1$17.850
Resistance Level 2$23.465
Resistance Level  3$32.964
Support Level$13.743
Support and Resistance Levels

The charts show that OKB (OKB)  has performed a bullish trend over the past month. If this trend continues, OKB  might run along with the bulls overtaking its resistance level at $32.964.

Accordingly, if the investors turn against the crypto, the price of OKB (OKB)  might plummet to almost $13.743, a bearish signal.

OKB (OKB) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of OKB (OKB) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of OKB  lies below the cutoff line, indicating weak participants in the current trend.

OKB  /USDT RVOL, MA, RSI (Source: OKBUSDT/?exchange=OKX" target="_blank" rel="noreferrer noopener nofollow">Tradingview)

Also, the Moving Average (MA) of OKB (OKB) is shown in the chart above. Notably,  the OKB (OKB) price lies above 50 MA (short-term), so it is in an uptrend. Currently, OKB  has entered a bullish state. Therefore, there is a possibility of a reversal trend of OKB at any time.

Meanwhile, the relative strength index (RSI) of the OKB  is 58.67.This means that OKB (OKB) is nearly in an overbought state. However, this means a major price reversal of OKB may occur in the upcoming days.So, traders need to trade carefully. 

OKB (OKB) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of OKB (OKB). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

OKB  /USDT ADX, RVI (Source: OKBUSDT/?exchange=OKX" target="_blank" rel="noreferrer noopener nofollow">Tradingview)

The above chart represents the ADX of OKB (OKB). Currently, the ADX of OKB  lies in the range of 19.667 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of OKB (OKB). RVI measures the constant deviation of price changes over a period of time. The RVI of OKB  lies above 50, indicating high volatility. In fact, the RSI of OKB (OKB) is at 58.67 thus confirming a potential buy signal.

Comparison of OKB  with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  OKB (OKB).

BTC Vs ETH Vs OKB Price Comparison (Source: OKBUSDT/?exchange=OKX" target="_blank" rel="noreferrer noopener nofollow">Tradingview)

From the above chart, we can interpret that the price action of OKB is similar to BTC and ETH. This indicates that when the price of  BTC and ETH  increases, the price of OKB  increases.When the price of BTC and ETH  decreases,the price of OKB  decreases.

OKB (OKB) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  OKB (OKB) might probably attain $28 by 2023.

OKB (OKB) Price Prediction 2024

With several upgrades in the network, OKB (OKB) might enter a bullish trajectory. If the coin grabs the attention of major investors, OKB  might rally to hit $30 by 2024. 

OKB (OKB) Price Prediction 2025

If OKB (OKB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, OKB  would rally to hit $34.

OKB (OKB) Price Prediction 2026

If OKB (OKB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, OKB  would rally to hit $36.

OKB (OKB) Price Prediction 2027

If OKB (OKB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, OKB  would rally to hit $40. 

OKB (OKB) Price Prediction 2028

OKB (OKB) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, OKB  would hit $43 in 2028.

OKB (OKB) Price Prediction 2029

If investors flock in and continue to place their bets on OKB (OKB), it would witness major spikes. OKB  might hit $48 by 2029.

OKB (OKB) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in OKB  for the next 8 years and drive significant price rallies for the token. Hence, OKB (OKB) might hit $50 by 2030.

Conclusion

With continuous improvements in the OKX ecosystem, we can say that 2022 is a good year for OKB. For this reason, the bullish price prediction of OKB (OKB) in 2022 is $32.964. On the other hand, the bearish price prediction of OKB (OKB) for 2022 is $13.743.

Furthermore, with the advancements and upgrades in the OKX ecosystem, the performance of OKB (OKB) might hit $25 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $44.01 in the near future.

FAQ

1. What is OKB (OKB)?

OKB (OKB) is the native token of the OKX. OKX, formerly OKEx, is a cryptocurrency exchange that was launched in 2017. OKX token is used as trading fees, and rewards within the exchange.

2. Where can you purchase OKB (OKB)?

OKB (OKB) has been listed on many crypto exchanges which include FTX, Gate.io, LBank, MEXC and BitMart.

3. Will OKB (OKB) reach a new ATH soon?

With the ongoing developments and upgrades within the OKX platform, OKB (OKB) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of OKB (OKB)?

On May 3, 2021, OKB (OKB) reached its new all-time high (ATH) of $44.01.

5. Is OKB (OKB) a good investment in 2022?

OKB (OKB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of OKX in the past few months, OKB is considered a good investment in 2022.

6. Can OKB (OKB) reach $25?

OKB (OKB) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then OKB (OKB) will hit $25 soon.

7. What will be OKB (OKB) price by 2023?

OKB (OKB) price is expected to reach $28 by 2023.

8. What will be OKB (OKB) price by 2024?

OKB (OKB) price is expected to reach $30 by 2024.

9. What will be OKB (OKB) price by 2025?

OKB (OKB) price is expected to reach $34 by 2025.

10. What will be OKB (OKB) price by 2026?

OKB (OKB) price is expected to reach $36 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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