The relief rally or the reflection of the real direction? star-news.press/wp

The price of the price of the ballistic OKB has turned, and an bombing through the level of 54 dollars with the size of the match. Behind this step? Pisces Governor, OKX expansion, and weeks of recession crashes. Merchants are now looking for the following axis: retreat or take off?

OKB (OKB), the OKX Exchange, rose during the Asian trading session on June 19, climbing from the lowest daily level of $ 47.61 to $ 54.66 before dilution to about $ 52.64 at the time of the press.

The rally came by 13 % with a rise of 406 % in the trading volume 24 hours, indicating more than just the transit retail interest. While Bitcoin (BTC), ETHEREUM (ETH), Ripple (XRP), and other main altcoins have published modest gains, the OKB vertical step was characterized by a flat market otherwise.

Why do OKB prices be pumped?

Rally followed the OKX announcement of its expansion in the United States, which has increased exposure to OKB in a judicial state now seen as more welcome to encryption. The broader access can be translated into deeper liquidity and greater institutional attention.

Meanwhile, Onchain data showed that a large holder was accumulating OKB in the preceding completion days. On June 12 /

OKX’s distinctive code mechanism may also contribute to momentum. The stock exchange removes the quarterly blood circulation using a share of trading fees. The next burning is expected in July, after the Burn 27 event in March, which led to the elimination of 31158,862 OKB from trading. To date, OKX has burned more than 171 million OKB code since the program started in 2019.

Technically, I broke the step over $ 54, a multi -price resistance level, with a size confirming the collapse. The increase of 406 % in size was one of the largest mutations for one day this year, indicating a strong conviction of buyers.

Despite the penetration, OKB is still vulnerable to broader encryption feelings. If bitcoin stumbles, the recent gains can be restored. Currently, the combination of the accumulation of whales, the growth of exchange, and the backed momentum indicates that the assembly may have an additional area of ​​operation, but the confirmation is the key in the upcoming sessions.