$OKB has just dropped to 178, essentially touching the key short-term support. If it falls below 175, it may trigger a deeper correction, with attention on the range of 160–165. However, the daily RSI has quickly pulled back from extreme overbought levels to around 65, indicating that the short-term bubble is digesting, and the correction pressure is being released.
🔎 Market Sentiment
Profit-taking after a sharp rise: Many early investors have cashed out in the range of 200–210, leading to increased trading volume during this sell-off.
Long-term logic remains solid: Destruction, scarcity, and OKX ecosystem applications are still strong bullish factors, and the fundamentals that determine the medium-term trend have not changed.
Short-term investors are waiting: The overall market (BTC, ETH) is also consolidating, and sentiment is generally cautious.
🎯 Operating Strategy Reference
Aggressive investors: You can try to position a small amount in the range of 178–180, with a target of 190–195 and a stop-loss set at 172–174.
Conservative investors: Wait for confirmation of stabilization, preferably when it re-establishes itself above 185 with volume-backed rebounds before considering gradual accumulation.
Long-term investors: If you value destruction and ecological value, 178 already has better cost-effectiveness than 200+, but you need to be prepared for fluctuations of 20–30 dollars.
