OKB Technical Analysis: Will Surging Uptrend Cross $25?

OKB coin price surpasses all the crucial bearish EMAs in the daily chart indicating the start of a high momentum bullish rally. Key technical points: OKB coin price fails to surpass the $9 mark. The recent retracement of 1.37% forms a bearish engulfing candlestick. Finally, the 24-hour trading volume of OKEx is $26 Million, marking a 3.93% fall. Past Performance of OKB OKB coin price shows a reversal from the $16.66 mark with a double bottom creation resulting in a price jump of 27% in the last month. The rally surpasses all the bearish aligned EMAs and undermines the bearish crossover of the 100 and 200-day EMA. Furthermore, the uptrend grows above the $20 mark with the recent bullish engulfing candlestick of 6%. Source-Tradingview OKB Technical Analysis OKB coin price showed a rounding bottom pattern breakout with the recent 20% surge last week. The breakout rally comes with the triple white soldier’s pattern reflecting a rise in buying pressure and promoting further recovery. The crucial bearish aligned EMAs (50, 100, and 200) fail to suppress the bullish growth despite the recent bearish crossover of the 100 and 200-day EMA. Hence, the chances of reversing EMAs generating bullish crossovers increase. RSI Indicator: The RSI slope shows a phenomenal uptrend in motion starting from the oversold boundary and is ready to reach the 70% mark. Furthermore, the 14-day SMA shows a surge in underlying bullishness, with the illustrati...