In the past day, #OKB has started to surge again, with funds pouring in pushing it up by 12.28%, and the cumulative increase has reached an astonishing 180%! Market sentiment is extremely enthusiastic, and many people are optimistic about it potentially hitting a new historical high in the next wave.

Liquidity is also continuously pouring in—both spot and derivative trading volumes are rapidly increasing. According to CoinGlass data, in the past 48 hours, spot investors have purchased $3.69 million worth of OKB and deposited it into their wallets. The derivatives market is not lagging behind either, with bullish traders also increasing their investments.

Currently, the weighted financing rate for open contracts has risen to 0.0098%, indicating that more people are opening long positions and the market is bullish. The long/short ratio is 1.10, with most derivative trading on exchanges being dominated by bulls.

Will OKB set a new historical high?

Recently, the market for $OKB has been impressive! According to an analysis by AMBCrypto, OKB is currently exhibiting a 'bullish triangle' pattern, meaning the price is hovering between a horizontal resistance level and a diagonal support line. In simple terms, OKB is like a spring ready to unleash, potentially breaking through the upper resistance at any moment.

As of the time of writing, OKB is striving to test the upper resistance level. If it successfully breaks through, the next step is likely to set a new historical high and challenge the $142 mark. This is undoubtedly good news for investors who entered the market earlier, and it is an important signal of market sentiment.

Of course, if it fails to break through at this stage, OKB may continue to consolidate within the bullish pattern for some time. This kind of 'accumulation' is usually a healthy consolidation process, laying the groundwork for a final surge. In other words, even if it temporarily stalls, there's no need to panic excessively; the market may be preparing for the next big rise.

It’s worth mentioning that a previous report by AMBCrypto indicated that investors had previously exerted selling pressure at certain points, which is also part of the market's fluctuations. This reminds us that volatility is common in the crypto space; short-term pullbacks do not indicate a trend change, but rather funds are adjusting positions in preparation for the next rise.

$OKB's technical indicators are giving very positive signals. From the Money Flow Index (MFI) perspective, the funds flowing into the market are still increasing, indicating strong buying power. As of the time of writing, the MFI has reached a high of 73.58, meaning many investors are still actively buying, with almost no signs of large-scale asset withdrawals. In simple terms, everyone still has great confidence in OKB.

Moreover, the Average Directional Index (ADX) also shows signs of strengthening bullish trends. ADX is an indicator used to measure trend strength, and it is currently strengthening as the price rises, indicating that the market's upward trend remains healthy and solid, with opportunities to break existing technical patterns and initiate a new round of highs.

Overall, the technical aspects of OKB support its continued rebound, with a very high likelihood of setting a new historical high in the short term. From the charts, it is already gearing up for the next wave of increases, like a spring ready to pop, and once it breaks through the resistance level, the price could see a significant rise.

For newcomers in the crypto space, this means that the market for OKB is slowly entering a bullish phase, and if they seize the opportunity, they may see good returns. Of course, the market will still experience fluctuations, and short-term pullbacks are normal, so there's no need to panic, but it’s essential to pay attention to resistance levels and trend signals, and to manage positions wisely. Overall, technical indicators show that OKB is ready to embrace new highs, and whether it can successfully break through next depends on whether market energy continues to accumulate.