OKB waka climb reach $135, den e begin dey bearish as whale dem start sell off
OKB jump over 160% within 24 hours, e reach like $135 small before e fall back come around $104. Nansen data show say exchange inflows rise by 36% (around $58 million), wey fit bring sell-pressure wahala. But the top 100 OKB addresses don add their holdings by 25%, mean say whales fit dey absorb outbound order dem. Santiment talk say weighted sentiment dey negative, funding rates dey rise and short positions dey increase, e mean say bearish reversal dey come. Technicals show RSI bearish divergence, Chaikin Money Flow dey form lower peaks and ADX dey 24. Weekly and Fibonacci charts show critical supports at $102 and $81.96, and e fit drop to $90, $78 or $44.20 if breakdown happen. Traders suppose dey watch exchange flows, whale activity, sentiment and support levels for entry and exit signals.
Bearish
Even though di initial rally show say di market get bullish momentum, di increase wey dey happen for exchange inflows plus di profit wey big holders dey take don change di outlook to bearish. Di rising short positions, negative weighted sentiment plus technical signals like RSI bearish divergence, lower Chaikin Money Flow peaks and key support test dem for $102 and $81.96 dey increase di chance say di trend go change. For short term, if dem break below these supports fit trigger cascading liquidations and quicken di downward pressure. For longer term, steady whale accumulation fit give buying opportunities for lower levels, but di current indicators dey show say make dem dey cautious. Traders suppose prepare for continued volatility and possible drop for OKB prices.