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.

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. 

What is OKB (OKB)?

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 $12.66 with a 24-hour trading volume of $5,807,585. The price of OKB has increased by 3.3% in the last 24 hours.

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

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

OKB Price Analysis

Currently, OKB holds 67th 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.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for OKB/USDT, we can deduce that the price of OKB might get bullish in some days since the price is in the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 37.76.  This shows that OKB is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish run if investors reposition themselves either towards the buyers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlestick, the next bullish run might be long.

OKB Price Prediction

The chart below shows that OKB has performed good in the past one day. It has gained 3.3% in the past 24 hours. Moreover, the OKB price shows a bullish trend. If this trend continues, OKB might run along with the bulls, overtaking its $13.67 resistance1 level and more higher to $39.79 at resistance5 level, the 2022 bullish signal.

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 $8.29, 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 2022

If this bullish trend continues, OKB will reach $39.79 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $16.71. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $60 is quite optimistic in the price point of view but undoubtedly feasible for the OKB future.

OKB (OKB) Price Prediction 2023

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 2024

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 2025

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 four years as per the prediction.

OKB (OKB) Price Prediction 2026

In the next five years, OKB’s price could race up to $400. 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.