OKB Technical Analysis: Will Surging Uptrend Cross $25?

Key technical points:

Past Performance of OKB

OKB coin price shows a reversal from the $16.66 mark with a double bottom creation resulting in a price jump of 27% in the last month. The rally surpasses all the bearish aligned EMAs and undermines the bearish crossover of the 100 and 200-day EMA. Furthermore, the uptrend grows above the $20 mark with the recent bullish engulfing candlestick of 6%. 

Source-Tradingview

OKB Technical Analysis 

OKB coin price showed a rounding bottom pattern breakout with the recent 20% surge last week. The breakout rally comes with the triple white soldier's pattern reflecting a rise in buying pressure and promoting further recovery. 

The crucial bearish aligned EMAs (50, 100, and 200) fail to suppress the bullish growth despite the recent bearish crossover of the 100 and 200-day EMA. Hence, the chances of reversing EMAs generating bullish crossovers increase. 

RSI Indicator: The RSI slope shows a phenomenal uptrend in motion starting from the oversold boundary and is ready to reach the 70% mark. Furthermore, the 14-day SMA shows a surge in underlying bullishness, with the illustrative recovery passing above the halfway mark.

MACD Indicator: The MACD and signal lines project a bullish trend with minimum spread surpassing the zero line. However, the recent increase in the intensity of bullish histograms showcases a boom in buying pressure.

In concise, the OKB technical analysis projects a high possibility of a breakout rally continuation. 

Upcoming Trend 

OKB coin price might reach the psychological barrier at $25 after the retest phase of the rounding bottom breakout. Moreover, the potential bullish crossover by the EMAs can result in increased bullish attention that may help sustain the uptrend above $25. 

Support Levels: $20 and $18

Resistance Levels: $23.5 and $25