cryptonews 2025-06-19 18:39:32

$OKB Jumps 10%, Sets Up for $60 Breakout Amid Crypto Exchange Token Race

$OKB has ignited another 10% rally, blasting past $52 as the OKX token defies 2025’s bearish whispers. The token’s relentless climb now locks horns with Bitget’s $BGB, with a market capitalization of $3.1B fueling its charge into crypto’s top 30. Source: CoinMarketCap $OKB Clinches $3.16B in Market Cap, Now Trails Only $BNB and $BGB Among Crypto Exchange Tokens Among exchange-issued tokens, $OKB remains the third-largest, behind only Binance Coin ($BNB) and Bitget’s $BGB. To provide perspective, exchange tokens are digital assets issued by centralized cryptocurrency trading platforms that offer various incentives, such as discounted trading fees, staking rewards, and enhanced user benefits to traders and investors. According to CoinMarketCap’s latest exchange rankings, OKX is currently the fifth-largest global exchange, trailing only Upbit, Coinbase, Bybit, and Binance. Source: CoinMarketCap Yet, despite OKX attracting an average of 5.3 million weekly users, over 1.5 million more than Bitget, many analysts believe $OKB is still undervalued compared to $BGB. It’s worth recalling that $BGB saw a parabolic move in Q4 2024, soaring over 200% within just one month. Now, $OKB appears to be following a similar path. A trader on X noted that $OKB is one of the few altcoins keeping pace with Bitcoin’s 90-day performance, and still has room to rally, potentially targeting the $60 zone. ALTCOINS THAT ARE CATCHING UP TO BITCOINS PERFORMANCE, PAST 90 DAYS: $BTC $RAY $INJ $OKB $RENDER $ETH pic.twitter.com/ic1CTDI2em — alibynx (@alibynx) June 7, 2025 Building on its momentum, OKX has recently expanded its fully licensed operations into Germany and Poland. Increased trading activity in these regulated European markets could further support $OKB’s push toward retesting its December 2024 highs. MACD Nears Bullish Crossover as $OKB Volume Surges Technically, the $OKB/$USDT daily chart paints a bullish picture. The token rebounded sharply from key support at $46.58, climbing over 10% to trade around $53.04. This move brings it close to the immediate resistance at $56.16, a historically strong ceiling. Source: TradingView Buying pressure is building, as reflected by the strong green candle on elevated volume. The MACD remains below the zero line but is showing convergence between the MACD and signal lines, indicating a potential bullish crossover. Should $OKB clear the $56.16 resistance, the next target is $60.64, representing a 12.8% upside from current levels. However, failure to break above $46.58 may lead to another pullback toward that support, with further downside risk to $42.86. That said, current momentum favors the bulls, and a confirmed breakout above $56.16 would strengthen the case for further gains. The post $OKB Jumps 10%, Sets Up for $60 Breakout Amid Crypto Exchange Token Race appeared first on Cryptonews .

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