OKB Rally Extends as Ethereum Surge Sparks Mid-Cap Bull Run
OKB led a mid-cap rally this week, jumping 66% as Ethereum’s strength and dovish Fed commentary fueled capital rotation into altcoins. Bitcoin dipped 3%, while Ethereum’s resilience sparked bullish momentum across exchange tokens and mid-cap projects. Morpho climbed 26% but risks a pullback to $2.30 amid cooled volume, and Arbitrum posted a 6% gain with potential for further upside from current $0.56. Conversely, Pump.fun, SKY and SPX fell over 13% on failed support flips. Traders should monitor key risk management zones: OKB’s $190–$200 support, Morpho’s $2.30 level and SPX’s $1.30 floor. The crypto market remains cautiously optimistic, with technical indicators suggesting both continuation and retracement opportunities.
Bullish
Ethereum’s surge fueling a 66% OKB rally and mid-cap rotation signals growing risk appetite. Similar to the altseason in early 2021, dovish Fed remarks have historically stoked bullish momentum across altcoins and exchange tokens. In the short term, traders may chase parabolic moves, but key support zones at $190–200 for OKB and $2.30 for Morpho will be critical to prevent sharp retracements. Over the long term, sustained Ethereum strength and continued capital flows into mid-caps could underpin a broader bullish cycle, especially if macro drivers remain supportive. However, profit-taking risks persist, requiring disciplined stop-loss strategies. Overall, technical and sentiment indicators point to a bullish bias, as market participants reallocate from majors into higher-beta assets.