OKX Launches Crypto Payment Card Across the European Economic Area
OKX has announced From a trend perspective, the moving averages define the current regime clearly. OKB remains below the 50-day moving average (blue), which has turned down and continues to cap upside attempts. The 100-day moving average (green) is also sloping lower, reinforcing a zone of layered resistance between roughly $120 and $135. In contrast, the 200-day moving average (red) is still rising and currently sits just below price, acting as a key medium-to-long-term support reference.Related Reading
Recent candles show reduced volatility and compressed ranges. While volume has declined materially compared to the distribution phase near the highs. This combination points to market equilibrium, not aggressive selling pressure. Buyers appear willing to defend the 200-day average, but lack the momentum needed to reclaim short-term trend levels.
Featured image from ChatGPT, chart from TradingView.com
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