The market is principally buying and selling sideways after a current correction.
The speed of OKB retains rising by round 5% over the past 24 hours.
On the hourly chart, the value of OKB has damaged the native resistance at $49.80, which signifies that bulls stay extra highly effective than bears. From one other viewpoint, the altcoin has handed most of its day by day ATR, and sideways buying and selling within the space of $51-$51.50 is the extra doubtless situation.
On the day by day timeframe, merchants ought to take note of the mark of $52.80. If the bar closes close to it, there are possibilities to see a breakout, adopted by a blast to the $55 zone. Thus, the quantity is rising, which signifies that bulls are able to hold the midterm bull run going.
The same state of affairs might be seen on the weekly timeframe, as the value has damaged all attainable ranges and is setting new peaks now. At the moment, the zone of $50 performs an essential position for bulls when it comes to additional development.
If consumers can maintain the speed above that mark, the upward transfer could proceed to $60.
OKB is buying and selling at $51.479 at press time.