Will the price of the distinctive code for OKB be disrupted after an increase of 200 %? star-news.press/wp

The price of the distinctive symbol of OKB can turn into a reflection after it is 200 %, as it turns negative amid whale sales.

According to data from Crypto.News, OKB (OKB), the original code of Crypto Exchange OKX, rose to nearly 200 % to the highest level ever at $ 125.88 yesterday, August 13, with the market in the market rise to $ 7.4 billion at that time.

However, the distinctive symbol threw some of his gains and was trading at $ 104.4 from the time of the press. It is likely to continue to see the losses amid increasingly low feelings in the market.

Data from Santiment shows that the likely feelings of OKB have turned into negative lands after their recent gains, indicating that merchants are increasingly expecting a possible decrease.

The weighted financing rate in the future contract market also turned into negative, indicating that an increasing number of merchants open short sites in anticipation of a further decline in prices.

The background also comes at a time when the whales of the unloading of their OKB wives appear. Santiment data shows a sharp decrease in the number of whale headlines, which includes between 10,000 and 100 million, in the wake of the high high -level high yesterday.

This sale from Pisces investors can lead to more declines if this leads to the sale of panic among retail traders who follow these deep investors often to or out of positions.

It is also common in the encryption market for the first investors to sell their property to lock profits after the encoded currency has reached the highest level. These moves can accelerate a decrease in prices for OKB if they coincide with the broader market sales, especially since the total encryption market is still close to the new peak and may face increasing volatility.

OKB price analysis

In The Daily Chart, the price of the OKB has not proven any distinctive pattern, as the last boom followed months of monotheism in a range ranging between $ 34 and $ 65 since the beginning of the year.

The relative strength index was a declining difference after entering the excessive peak area in 95, and then decreased to 91. While this represents a slight decline, the index remains in a very attention area, which still indicates a high risk of correction.

The average trend index is currently 24, indicating that the possible reflection direction is developing but not completely. The above reading 25 would confirm that the reflection is gaining momentum.

RERRERATING FIBONACCI An important support for $ 81.96, which corresponds to the level of 38.2 %. A decisive break below this level can open the way for a deeper decrease of about $ 44.20, a long -term main support area.

On the contrary, if the purchase pressure appears and OKB decreases from 81.96 dollars, it may indicate the beginning of another upward leg for the distinctive symbol.

The next few days will be very important in determining whether OKB can settle at higher levels or see its gains fade as soon as the momentum of the post -skiing fades.