OKB Price Prediction — Will OKB Price Hit $60 in 2022?

This OKB Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our OKB  price analysis and prediction. 

Among the cryptocurrencies that are surging this year, OKB is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, OKB has been around since December 2019.

What is OKB (OKB)?

Can OKB reach $60 in 2022? We will find out shortly. But before we proceed to our OKB analysis, let us first answer the question “What is OKB?” in this OKB prediction 2022 article. 

OKB is a cryptocurrency created by the OK Blockchain Foundation and the Maltese exchange OKEx. It is one of the largest exchanges in the world currently ranking third in liquidity and fourth in trading volume. 

Many aspects of OKEx are similar to those of Binance, but a few key differences do exist. OKEx offers its own cloud mining service, and the company primarily focuses on options trading. Despite this, Binance strives to offer a wide range of crypto services worldwide.

The OKEx utility token is used to access the special features of the crypto exchange. By holding OKB, users can vote, participate in governance, as well as pay trading fees, and be rewarded for doing so.

Since its launch in 2017, OKEx has become one of the world’s leading trading floors. The platform launched in the spring of 2017 as a spinoff of OKCoin (operating since 2013 in China). The OKCoin exchange now focuses on converting fiat into crypto, while OKEx is an exchange with an algorithmic trading API built-in. The exchange also offers users access to a multi-currency wallet and functions for margin trading.

Now that we are clear about OKB do you think OKB will be beneficial crypto in 2022? Join me and let us see the charts in this OKB price analysis and OKB price prediction. 

OKB Current Market Status

As of the time of writing this OKB price analysis, OKB trades at $29.54 with a 24-hour trading volume of $854,036,749. The price of OKB has increased by 6.6% in the last 24 hours.

Furthermore, OKB has a current circulating supply of 60,000,000 OKB. Currently, the top cryptocurrency exchanges for OKB are OKEx, Huobi Global, FTX, HitBTC, and Gate.io.

Now, let’s proceed to the next part of this OKB technical analysis for 2022.

OKB Price Analysis 2022

Currently, OKB holds 69th place on CoinMarketCap. But will the latest upgrades, development, and changes in the OKB blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this OKB price prediction article.

In the chart above, which is set in a daily time frame, we can see the Ascending Channel pattern. An Ascending channel is the price action that takes place in a downward direction through a sloping parallel line. Also, the chart displays the higher highs and higher lows from this price pattern. More so, this pattern represents a short-term bullish.

As shown above, at the beginning of this month, OKB turned from its bull to bear trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is above 58.86, which means that OKB is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of OKB.

Since the start of 2022, OKB’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, OKB has a competitive market this 2022. 

OKB Price Prediction 2022

The chart below shows that OKB has performed great over the past few days. Moreover, the OKB price shows a bullish trend. If this trend continues, OKB might run along with the bulls, overtaking its $55.27 resistance level and moving higher.

Conversely, if the investors turn towards the crypto, the bears might take over and push OKB from its uptrend position. In simpler terms, the price of OKB might plummet to almost $21.095, a bearish signal.

Meanwhile, our long-term OKB price prediction for 2022 is bullish. It has a high possibility of reaching new heights. More so, this will only happen if it breaks many past psychological resistances.

OKB (OKB) Price Prediction 2023

If this bullish trend continues, OKB will reach $70 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $75. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $70 is quite optimistic in the price point of view but undoubtedly feasible for the OKB future.

OKB (OKB) Price Prediction 2024

If OKB holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $95, making it not plummet but play consistently.

OKB (OKB) Price Prediction 2025

As per the latest upgrades, developments, OKB price prediction, and new project forecasts of the platform, OKB investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of OKB in the crypto market, and it will be the best investment as the price can spike and reach around $120.

OKB (OKB) Price Prediction 2026

In the next four years, OKB’s price could race up to $200. However, reaching this level could not be so difficult for OKB as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that OKB has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

OKB has a bright future ahead of it in 2022. With the ongoing developments happening within the OKB ecosystem, as well as in the overall crypto market, we may see OKB reach new heights.

Bullish OKB price prediction 2022 is $60. As said above, it may even reach its new ATH if investors have decided that OKB is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.