Key Takeaways
- OKB token rises higher to a new all-time high of $230 as price gains market speculation.
- BNB holds strong above $835 despite market uncertainties in the last couple of days.
- BTC’s price faces a key decision time as the price could trade lower toward $107,500 if it fails to hold $112,500.
BNB and OKB continue to trend higher as Bitcoin struggles to maintain its all-time highs, slipping from its high of $124,000 towards a region of $112,500, acting as key support for the price as it continues its struggle for a strong bounce to the upside.
With altcoins struggling to find bullish price action across the market, OKB and BNB remain bullish following price hitting new all-time highs, highlighting the strength from the native tokens of crypto exchanges OKX and Binance.
While Bitcoin looks weak and is expected to bounce from this region, what would the market expect from the likes of OKX and Binance tokens in the coming days?
OKB and BNB Hits new highs
Source – OKB Bullish Price Action from CoinMarketCap
While the rest of the market scrambles to find price action to the upside or protect key support zones, the price of OKX token continues to hit new all-time highs of over 350% in the last month.
According to many crypto experts and analysts, OKB was primed for such a rally following the likes of BNB after displaying a bullish textbook pattern and breaking out to the upside with strong volume.
The price of Binance and OKX tokens will continue strong bullish momentum to the upside as soon as the market stabilizes and Bitcoin indicates a clear change of trend to the upside.
BNB, on the other hand, hasn’t shown a strong rally compared with OKX token, but the price has remained strong in the last couple of days following BTC’s market fall.
BTC Trades Around Key Demand Zone
While BTC has struggled in the last few days despite its bullish price run in the past few weeks, OKB and BNB have shown strength. The current BTC price crash toward the key support zone of $112,500 has been attributed to whales and institutions selling off at a price.
For altcoins to resume bullish price continuation to the upside, the price must protect its support to prevent further price crash towards $107,500.
However, OKB and BNB will remain strong if the price of BTC drops lower, as traders and investors keep a close eye on these tokens that have shown strength.
FAQs
What is the price of BNB today?
BNB price trades around $840 despite market uncertainties in the last few days.
How much is the OKB coin worth?
OKB token is worth around $230, creating new all-time highs.
Is OKB listed on Binance?
No, OKB is not listed on Binance, but can be found on other crypto exchanges.
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