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OKB's current price is around 79 US dollars, and last night, with high volume, it reached 19.27 million, nearly five times the usual.
There is a detail you might not have noticed.
On June 18th, OKB suddenly dropped to 71 US dollars, with a large bearish candle, and many thought it was a breakdown. But what happened next? The next day, it rebounded directly to 74 and closed there.
This wasn't a breakdown; it was a false breakdown. The market maker was deliberately shaking out traders.
And after that, on June 22nd, with increased volume, it broke through the high point of the sideways trading range for nearly eight trading days, with trading volume more than four times that of a few days ago. This breakout is valid.
So why did funds suddenly come in?
There is a catalyst that hasn't fully played out yet: the Exchange OS of a certain platform exchange officially launched in June. Developers need to stake OKB as collateral to launch new markets. This directly increases the real demand for OKB.
Plus, the World Cup prediction market opened in June this year, which will attract a large number of new users.
Currently, the moving averages are diverging bullishly. If it stabilizes above 78, there is a chance to push higher. Hold above 74; as long as it doesn't break, continue $OKB to wait.