{"id":8365,"date":"2025-08-20T16:47:14","date_gmt":"2025-08-20T16:47:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/okb-price-is-rallying-again-heres-why-it-may-crash-to-65\/"},"modified":"2025-08-20T16:47:22","modified_gmt":"2025-08-20T16:47:22","slug":"okb-price-is-rallying-again-heres-why-it-may-crash-to-65","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/okb-price-is-rallying-again-heres-why-it-may-crash-to-65\/","title":{"rendered":"OKB price is rallying again: here\u2019s why it may crash to $65"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">OKB price surged by 15% today, August 20, resuming an uptrend that started last week when OKX announced a massive token burn.<\/p>\n<div id=\"cn-block-summary-block_464c57e4270f82d92a0065f92d531910\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>OKB price resumed its upward trend and neared its monthly high.<\/li>\n<li>It could be at risk of a plunge as the funding rate turns negative.\u00a0<\/li>\n<li>Wyckoff analysis hints that it may move to the distribution phase.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>OKB (OKB) soared to a high of $140, up 220% from its lowest point this year, bringing its market capitalization to $2.9 billion. Its daily volume jumped to $330 million. Still, this rally may be about to end as the funding rate turns negative.<\/p>\n<h2 class=\"wp-block-heading\">OKB price at risk as the funding rate turns negative<\/h2>\n<p>OKB, the native token of OKX, a leading crypto exchange, surged last week as the developers announced a major change in its tokenomics and technology.<\/p>\n<p>OKX upgraded to Polygon\u2019s X Layer, which boosted throughput to 5,000 TPS, reduced gas costs, and improved its security and compatibility. Data show that over 90% of the OKX tokens have moved to the X Layer.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">90%+ of <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24OKB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$OKB<\/a> has successfully transitioned to its new home on X Layer from the Ethereum L1.<\/p>\n<p>One token. One chain. 21M fixed supply. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24OKB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$OKB<\/a> is the native gas token driving The New Money Chain. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/1BGtkJXLOs\" target=\"_blank\">pic.twitter.com\/1BGtkJXLOs<\/a><\/p>\n<p>\u2014 X Layer (@XLayerOfficial) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/XLayerOfficial\/status\/1957668374177280116?ref_src=twsrc%5Etfw\" target=\"_blank\">August 19, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The developers also decommissioned OKTChain because of its overlap with X Layer. Most importantly, they reduced the number of OKB token in circulation to 21 million. They did that by executing a single-instance burn of 65.2 million tokens that it had repurchased.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The next potential catalyst for the OKB price is the rumored OKX IPO in the nied States. This listing may happen this year after the successful Circle<strong> <\/strong>and Bullish IPOs.<strong>\u00a0<\/strong><\/p>\n<p>However, in the near term, the OKB token could be at risk of a reversal as the funding rate plunged. CoinGlass data show that the eight-hour funding rate dropped to -0.011%, its lowest point since August 17. A falling funding rate is a sign that investors anticipate the future price to be lower than where it is today.<\/p>\n<h2 class=\"wp-block-heading\">OKB token technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">OKB price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the OKB price surged last week after the token burn announcement. Before that, it was in a prolonged consolidation as part of the accumulation phase of the Wyckoff theory.<\/p>\n<p>The surge was part of the markup phase, which is characterized by higher demand and fear of missing out. As such, there is a risk that it will soon enter the distribution phase and crash.<\/p>\n<p>More indicators, like the Relative Strength Index and the Stochastic Oscillator, show that it has become highly overbought. Also, it has moved much higher than the 50-day and 100-day moving averages, putting it at risk of a mean reversion.<\/p>\n<p>If this crash happens, the OKB price could crash to the support level at $64, the swing high in November last year.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OKB price surged by 15% today, August 20, resuming an uptrend that started last week when OKX announced a massive token burn. Summary OKB price resumed its upward trend and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8365"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8365\/revisions"}],"predecessor-version":[{"id":8367,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8365\/revisions\/8367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8366"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}