OKB Dropped -5.25% in Last Month and is Predicted to Drop to $17.50 By Dec 12, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • OKB is down -3.06% today against the US Dollar
  • OKB/BTC decreased by -2.33% today
  • OKB is currently trading 17.83% above our prediction on Dec 12, 2022
  • OKB dropped -5.25% in the last month and is down -23.39% since 1 year ago
OKB price $ 20.62
OKB prediction $ 17.50 (-15.13%)
Sentiment Bearish
Fear & Greed index 29 (Fear)
Key support levels $ 20.81, $ 20.59, $ 20.27
Key resistance levels $ 21.36, $ 21.67, $ 21.90

OKB price is expected to drop by -15.13% in the next 5 days according to our OKB price prediction

is trading at $ 20.62 after losing -3.06% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.92% in the same time period. OKB performed poorly against BTC today and recorded a -2.33% loss against the world’s largest cryptocurrency.

According to our OKB price prediction, OKB is expected to reach a price of $ 17.50 by Dec 12, 2022. This would represent a -15.13% price decrease for OKB in the next 5 days.

OKB Price Prediction Chart

Buy/Sell OKB

What has been going on with OKB in the last 30 days

OKB has been displaying a negative trend recently, as the coin lost -5.25% in the last 30-days. The medium-term trend for OKB has been bullish, with OKB increasing by 49.93% in the last 3 months. The long-term picture for OKB has been negative, as OKB is currently displaying a -23.39% 1-year price change. On this day last year, OKB was trading at $ 26.92.

OKB reached its all-time high price on May 03, 2021, when the price of OKB peaked at $ 44.31. The current OKB cycle high is $ 33.73, while the cycle low is at $ 8.66. OKB has been displaying low volatility recently – the 1-month volatility of the coin is at 5.90. OKB recorded 14 green days in the last 30 days.

OKB technical analysis for today – Dec 07, 2022

The sentiment in the OKB markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 20.81, $ 20.59 and $ 20.27, while $ 21.36, $ 21.67 and $ 21.90 are the key resistance levels.

Bearish sentiment for OKB

14 indicators are currently signaling a bullish prediction for OKB, while 15 indicators are showing a bearish forecast. With 52% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for OKB.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 29 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

OKB moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how OKB is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 21.37 (SELL) $ 21.04 (SELL)
MA5 $ 21.63 (SELL) $ 21.29 (SELL)
MA10 $ 21.31 (SELL) $ 21.35 (SELL)
MA21 $ 20.78 (SELL) $ 20.88 (SELL) $ 17.27 (BUY) $ 17.75 (BUY)
MA50 $ 19.07 (BUY) $ 19.55 (BUY) $ 17.86 (BUY) $ 17.43 (BUY)
MA100 $ 17.35 (BUY) $ 18.26 (BUY) $ 17.96 (BUY) $ 16.15 (BUY)
MA200 $ 15.85 (BUY) $ 17.55 (BUY) $ 10.83 (BUY) $ 13.17 (BUY)
Period Value Action
RSI (14) 54.00 NEUTRAL
Stoch RSI (14) 60.33 NEUTRAL
Stochastic Fast (14) 62.44 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 33.16 SELL
Awesome Oscillator (5, 34) 1.53 NEUTRAL
Momentum (10) 0.31 NEUTRAL
MACD (12, 26) -0.01 NEUTRAL
Williams Percent Range (14) -37.56 NEUTRAL
Ultimate Oscillator (7, 14, 28) 53.18 NEUTRAL
VWMA (10) 21.35 SELL
Hull Moving Average (9) 22.40 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 19.83 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for OKB is at 54.00, suggesting that OKB is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of OKB over the last 50 days. Currently, OKB is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the OKB closing price for the last 200 days. OKB is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this OKB prediction

After considering the above factors, we can conclude that the current forecast for OKB price prediction is Bearish. OKB would have to decrease by -15.13% to hit our $ 17.50 target within the next five days. Moving forward, it will be important to monitor the OKB market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term OKB price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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