
Jakarta, Pintu News – The cryptocurrency market is buzzing again with significant movements in OKB (OKB), showing increased liquidity and trading volume. With a price increase that reached 12.28% in a day and a total increase of 180%, many are wondering if OKB will reach a new record high.

In recent days, there has been a significant increase in liquidity in OKB, both in the spot and derivatives markets. CoinGlass reports that spot investors have purchased $3.69 million worth of OKB and moved it to personal wallets in the last 48 hours. This shows strong interest from investors in holding OKB long-term.
On the other hand, the derivatives market also showed similar activity. Long positions on OKB increased, with the Open Interest Funding Rate rising to 0.0098%. This signaled that more long positions were opened and financed. The Long/Short ratio reached 1.10, indicating the dominance of derivatives volume by traders going long.
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Analysis from AMBCrypto shows that OKB is trading within a bullish triangle pattern, which is formed from horizontal resistance levels and diagonal support lines. Currently, OKB is testing the upper resistance. If it manages to pass this level, OKB has the potential to surge to a new record high, exceeding the $142 mark.
However, if OKB fails to break this resistance, the asset will likely continue to consolidate in a bullish pattern before finally breakingout to reach higher levels. Failure to break out could be a sign that OKB needs more accumulation before resuming its uptrend.

Technical indicators support a bullish scenario for OKB. The Money Flow Index (MFI) shows that the inflow of liquidity is still ongoing. Currently, the MFI is at one of its highest levels at 73.58, signaling strong buying activity and investors are not showing any signs of exiting the asset.
In addition, the Average Directional Index (ADX) which measures the strength of the trend, is currently increasing along with the price. This suggests that the bullish trend is still strong and a breakout from the existing pattern is likely to occur. All in all, OKB’s chances of reaching a new record high are very strong, and the asset looks poised for big gains.
With increased liquidity and strong trading activity, OKB is showing potential that cannot be ignored. Investors and traders should pay close attention to OKB’s next price move, as it could be the start of a massive rally that will take OKB to unprecedented price levels.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.