Key Notes
- OKB worth soared 30% to $220 after a viral XRP airdrop marketing campaign boosted KYC sign-ups and token demand.
- Derivatives exercise exploded with $401M in buying and selling quantity and $1.21M in brief liquidations, indicating a brief squeeze.
- Regardless of bullish momentum, RSI at 93.91 flags overbought situations, with key help at $180 and resistance close to $240.
OKB, the native token of centralized exchange OKX, rose 30% on Thursday, Aug. 21, defying broader market weak spot as Bitcoin, Ethereum and Solana booked losses between 1% and three%, respectively. The rally was linked to elevated neighborhood engagement round an XRP airdrop campaign that started Tuesday, Aug. 19, rewarding 5 winners with $2,000 in
XRP
$2.85
24h volatility:
3.6%
Market cap:
$169.24 B
Vol. 24h:
$4.46 B
every.
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A second airdrop announcement on Thursday drew over 321,000 views on X at press time. The surge in consideration translated into heightened demand for OKB, as customers rushed to finish KYC accounts and take part within the promotional occasions, boosting on-chain exercise and token demand.
OKB Derivatives Market Evaluation, Aug. 21, 2025 | Supply: Coinglass
Derivatives market developments additionally mirrored this bullish narrative. According to Coinglass data, OKB buying and selling volumes surged 386% to $401.31 million, whereas open curiosity jumped 119% to $20.29 million.
Liquidations totaled $2.04 million, with $1.21 million in shorts worn out versus $836,630 in longs. The skew towards quick liquidations confirms merchants had been caught off guard by the rally’s energy, whereas the sustained improve in open curiosity signifies contemporary capital continues to enter OKB markets.
OKB Worth Forecast: Bulls Eye $240 as RSI Hits Overbought Extremes
OKB’s parabolic transfer pushed the token to $220 at press time, now posting positive factors in extra of 200% in August alone. Nevertheless, technical indicators spotlight sure danger components forward as
OKB
$229.5
24h volatility:
32.7%
Market cap:
$4.82 B
Vol. 24h:
$13.43 B
worth breaks into overbought territory.
As seen beneath, the breakout candle on Aug. 21 carried OKB far above its 20-day Bollinger Band midpoint of $83.41, with the higher band now extending to $180.78. With the OKB worth already above that threshold, momentum stays firmly in bullish palms. If consumers maintain the rally, the subsequent key resistance lies at $240, a psychological barrier close to the latest intraday excessive.
OKB Worth Forecast | Supply: TradingView
Regardless of that, you will need to be aware the RSI trending at 93.91 indicators closely overbought situations and an imminent profit-taking part.
If OKB retraces, preliminary help is predicted close to the $180 zone, similar to the higher Bollinger Band. A sharper correction may drag the worth towards $150, the place bulls may discover consolidation earlier than trying one other breakout. A failure to carry above $150 may set off a deeper retracement towards the $120 help zone.
Maxi Doge Good points Consideration Amid Cardano Market Slowdown
As OKB worth positive factors strategy euphoric ranges, merchants may start rotating income into speculative tasks like Maxi Doge. The platform markets itself as a memecoin ecosystem providing derivatives buying and selling options with out strict entry necessities.
Maxi Doge Presale
Maxi Doge advertises as much as 1000x leverage on meme belongings, prompt withdrawals and buying and selling entry with out KYC. With ADA merchants displaying restraint, speculative capital may rotate towards testing meme tokens for bigger revenue potential.
Go to the Maxi Doge website to discover high-leverage meme buying and selling and get in early on new market narratives.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any choices primarily based on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting varied Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at the moment learning for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.
