TheCoinRepublic

OKB price is nearing the end of an interesting parallel channel

Long
OKX:OKBUSDT   OKB/Tether
The OKB token price has been trading into the descending parallel channel for more than 2-month.
Today, OKB investors attempts to breach this falling channel to the upside and jumped the token price higher by 11.5%.

The OKB token price is moving towards the 200-day moving average line (yellow) of the EMA Ribbon indicator after the bounce-back over the daily price chart. Moreover, The Stoch RSI is expanding towards the overbought territory and reflecting solid bullish momentum.

Conclusion

For the buying opportunity, OKB investors should wait for the confirmation above the descending parallel channel . Than Only, the price may reach till the supply zone (red)

Support level- $6.8 and $10
Resistance level- $20.5 and $30

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