OKTUSDT Massive rebound near $23.00 expectedThe OKC token (OKTUSDT) is the native token released on OKC's genesis block, a decentralised blockchain designed to serve blockchain-based business applications. On this post, we will analyze how the current pattern is bullish short-term and what needs to take place in order to see a long-term bullish break-out.
** Technical Analysis **
This chart shows OKTUSDT on the 1D time-frame. The broader pattern has been a Falling Wedge with Lower Lows since September 26 2021 and Lower Highs since Decemebr 27 2021. Interestingly enough, the short-term patten since August 14 has also been a Falling Wedge, with the price just breaking above it. As you see, similar short-term Falling Wedges within the broader Falling Wedge pattern, have resulted into massive rebounds above the 1D MA200 (orange trend-line) when broken. See also how their RSI patterns have been similar.
The 1D MA50 (blue trend-line) is just above and a break can target (based on this pattern) the 1D MA200 and the Dec 2021 Lower Highs trend-line within 23.00 - 25.00. That seems to be a solid medium-term target for the OKC token.
** Fundamental Analysis **
Fundamentally, OKTUSDT remains an excellent investment opportunity as, being the world's first trading chain - blockchain technology built for trading, it is the next step in the development of decentralized trading, where people can trade anything of value on-chain, and own and control the assets that they trade. OKC provides safe and efficient infrastructure for creating decentralized applications for seamless on-chain trading of all kinds of assets within a cross-chain, value-exchange ecosystem.
To understand the value of OKT Token, it is advisable to know what the OKC ecosystem is, a decentralised blockchain designed to serve blockchain-based business applications. Its cross-chain technology ensures that users launch their applications and issue their own cryptos. All are linked together to create a valuable ecosystem. In addition to cross-chain technology, OKC offers another special feature - on-chain data extension to retain irreversibility and tamper-resistance, while also making it more efficient and cost-saving. OKT (OKC Token), is the native token released on OKC's genesis block that powers the chain. It brings utilities, voting rights and staking privileges to holders.
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