Rallying at OKB gains traction as liquidity increases: Is a new all-time high possible?
In the world of cryptocurrencies, one asset that appears ready for major gains is OKB (OKB). Recent market activity, liquidity flows, and technical indicators suggest a strong potential for OKB to reach a new all-time high.
Supply Burn and Scarcity Boost Demand
A key factor driving this optimistic outlook is the substantial supply reduction of OKB. In August 2025, OKX permanently burned approximately 65.26 million OKB tokens, fixing the total supply at 21 million. This mirrors Bitcoin’s fixed supply model, reducing sell pressure and increasing scarcity-driven demand, which has historically led to price rallies in exchange tokens like BNB.
Utility Upgrade Boosts Demand
The August 2025 upgrade to the X Layer blockchain, which utilizes zkEVM technology and offers 5,000 transactions per second with near-zero fees, made OKB the sole gas token for the network. This shift from a discount token to a core utility token in payments, DeFi, and real-world asset chains has significantly boosted demand for OKB.
Price Momentum and Technical Trends
Following the burn and upgrade, OKB price soared over 450% in August 2025, hitting new highs near $258 before consolidating around $170–$200. Technical indicators such as an RSI around 66.4 suggest cooling from overbought levels but near-term support around the 7-day EMA at $177.14 remains strong.
Market Predictions
Analysts forecast bullish outcomes for OKB, with price targets for 2025 ranging between $100 and $220.36, and potential to surpass its previous all-time high of $73.83 if positive investor sentiment and market momentum persist. Longer-term forecasts extend price predictions well beyond $500 by 2030, driven by continued ecosystem growth.
Risks and Regulatory Developments
However, some regulatory challenges affect OKX, including a $500M AML penalty in the U.S. and operational restrictions in Thailand and the Philippines. Anticipated market re-entry via a U.S. IPO and regulatory compliance efforts could mitigate these risks and sustain growth.
In summary, OKB’s recent drastic supply reduction combined with enhanced blockchain utility and strong transaction growth underpin a bullish outlook with a realistic path toward exceeding previous all-time highs, contingent on continued adoption and regulatory developments.
Bullish Triangle Pattern and Strong Buying Activity
At press time, OKB is testing the upper resistance of a bullish triangle pattern. The Money Flow Index (MFI) at press time reached 73.58, signaling strong buying activity. In the past 48 hours, spot investors purchased $3.69 million worth of OKB and moved it into private wallets. The MFI suggests that liquidity inflows are still building.
Derivatives Market and Long Traders
The derivatives market has seen long traders increasing their exposure to OKB over the past few days. The Long/Short Ratio for OKB was 1.10 at press time, indicating that the majority of exchanges were seeing derivative volumes driven primarily by long traders.
Trend Strength and Likelihood of Breakout
The Average Directional Index (ADX) is rising alongside price, suggesting that the bullish trend remains intact. The overall likelihood of OKB reaching a new all-time high is strong. The ADX measures trend strength and currently indicates a likely breakout from the bullish pattern.
If OKB breaks above the upper resistance, it could rally to a new all-time high, surpassing the $142 mark. The information in this article is sourced from CoinGlass.
Read also:
- President von der Leyen's address at the Fourth Renewable Hydrogen Summit, delivered remotely
- Unveiling Innovation in Propulsion: A Deep Dive into the Advantages and Obstacles of Magnetic Engines
- Intensified farm machinery emissions posing challenges to China's net-zero targets
- EU Fuel Ban Alerts Mercedes Boss of Potential Crisis
