NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

OKB Token Shines With 23% Gains On Weekly Chart, What’s Pushing It? 

Jammy Hunts
Jammy Hunts
1 year ago
3 mins read
OKB

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Despite the bearish price trend across coins in the crypto market today, OKB retained a nearly 23% gain on the weekly chart. This price behavior demonstrated the token’s resilience even as the global crypto market cap tanked by over 4%. 

Although OKB has registered some price drops today, it traded bullish yesterday, closing at 4.62% gains. Its trading volume has increased by 54.47%, depicting increased network activity. The Sui airdrops on the OKX web3 wallet after its mainnet launch must have increased user activity for OKB.

What Could Be Pushing OKB’s Price?

Sui Network is a layer-1 blockchain and Smart Contract platform designed to scale digital asset ownership. Sui makes crypto assets ownership fast, secure, private, and easily accessible to everyone. 

Related Reading: These Top 5 Cryptos Are Thriving Despite A Slippery Market

Sui’s mainnet launch comes up in Q2 of 2023, and the network provided $5,000 worth of Sui token airdrops to OKX users. This could be fueling the rally in OKB price.

Aside from the Sui token airdrop, the OKB ecosystem promotes Web3 gaming activities. That could be another factor pushing OKB’s price as the Web3 space rapidly expands.

Following historical data, OKB has recorded an incredible price increase since the start of April. As of April 4, OKB traded at $40.77. It started rising gradually to $43.43 on April 13. Then on April 14, the token experienced a massive price surge of 16%, pushing it to $50.45 within 24 hours.

It didn’t end there. The token continued rising bullishly and hit $55.88 on April 15, another 10% price increase in 24 hours. Unfortunately, OKB experienced a slight pullback from $55.88 to $53.17 on April 16. It quickly recovered momentum and rose by 4.62% from $52.32 on April 17 to $54.73 on April 18.

OKB’s bullish price movement is why it could retain a 23.75% increase over the past seven days despite the market-wide downturn. At press time, OKB is trading at $51.80, with a high of $55.09 and a low of $51.30 over the past 24 hours. 

OKBUSD price chart
OKB’s price currently hovers at $51.85 in the daily chart. | Source: OKBUSD price chart from TradingView.com

OKB Price Outlook In The Coming Days

OKB is trading in a sideways trend today, recording a pullback from yesterday’s closing price of $54.73. It is bearish today and has formed a red candle on the chart. 

However, OKB found support at the 78.6% Fibonacci level ($51.746), which has sustained the asset’s price in the last three days. It is also struggling as the bears at the 100% Fibonacci level ($54.938) keep pushing the price down.

Related Reading

Bitcoin price

Why Is Bitcoin Down Today? Binance Whale Games And More

1 year ago

OKB’s Relative Strength Index (RSI) is 61.10 in the neutral zone. Currently, the indicator is moving downwards, exhibiting a bearish trend. 

However, the asset is trading above its 50-day and 200-day Simple Moving Averages (SMA), a short and long-term bullish sentiment. OKB will likely bounce off the 78.6% Fib level and rally again in the short term. 

Featured image from Pixabay and chart from TradingView.com
Tweet123Share196ShareSend
Jammy Hunts
Jammy Hunts

Jammy Hunts

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Dominance Just Got Rejected From TSDT Resistance That Triggered Last Altcoin Season — Details

Bitcoin Dominance (BTC.D) has hit a critical turning point after getting sharply rejected from a TSDT resistance level that previously...

Scott Matherson 6 hours ago
Bitcoin

Bitcoin’s Next Milestone: $250K In Sight After $120K Test, Analyst Says

Bitcoin spent about nine months stuck below $110 K before finally pushing past that ceiling this month. The move up to...

Christian Encila 9 hours ago

Deepseek crypto prediction despre proiecte cu potențial

Zilele trecute, Bitcoin a atins un nou maxim istoric de peste 123.000 de dolari, ceea ce a tras în spate...

Elvira C. 11 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

bitcoin

Bitcoin Set To Soar? Analyst Sees Fresh $2 Billion Liquidity Triggering Next Leg Up

Ash Tiwari 1 hour ago
Ethereum price news

Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst

Jake Simmons 3 hours ago

SOL幣價格現強勢能突破300美元嗎?牛市來臨前最值得下注的1000倍幣!

Kelvin Lee 4 hours ago

Premium Sponsors

Press Releases

  • 2 kryptoměny s extrémně vysokým oceněním, které mohou stát za to riziko

    2 kryptoměny s extrémně vysokým oceněním, které...

    10 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    2 rendkívül magas árfolyamú kriptovaluta, amelyeket...

    11 hours ago
  • 2 криптовалути с небесни оценки...

    14 hours ago
  • 仮想通貨プレセール|ビットコイン向け最速かつ唯一の本格レイヤー2が300万ドル突破

    ...

    14 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    ...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.