Recently, many people have been asking whether OKB is failing. As the platform token of the OKX exchange, it is mainly used for platform fee discounts, ecological governance, and payment of Gas fees on the X Layer chain. With the expansion of the OKX ecosystem, the utility and scarcity of OKB have significantly increased.
OKB was trading sideways in the range of 47-57 USD in the first half of 2025, showing a low volatility consolidation trend. Subsequently, driven by the X Layer public chain upgrade (based on zkEVM, integrated with Polygon CDK) and favorable token burn news, the price surged in mid-August, skyrocketing from 44 USD to 257 USD, with a maximum increase of 183% in 24 hours and a cumulative increase of over 500% in 10 days.
This wave of market activity set a new historical high, with trading volume at one point surpassing BTC and ETH. Adjustment in September-October: After reaching a peak, the market entered a correction, falling to the 170-190 USD range to digest profits. The support level is around 170 USD, with a rebound testing the resistance at 210 USD.
From November to now: The price has stabilized in the range of 100-110 USD. In the short term, the RSI indicator shows overbought signals (too high), the MACD momentum line is flattening, but the EMA (exponential moving average) shows a bullish arrangement, and the Bollinger Bands expansion suggests potential amplified volatility. The current support level is in the 95-100 range, suitable for medium to long-term holding of tokens, while short-term focus can be on the support level near 100.
