The crypto market staged a rebound today, with global market capitalisation rising after several sessions of decline.
One of the tokens shining in this turnaround is OKB, the native token of exchange OKX, which surged more than 51% in the last 24 hours.
The price is currently trading at around $201.33 at press time.
The surge has been fuelled by an aggressive token burn that cut circulating supply by 93%, intensifying demand and drawing strong inflows of capital.
Source: CoinMarketCap
Technical indicators show a dominant bullish trend, though some data signals point to short-term caution.
OKB climbs 85% in seven days after supply cut
OKB has been one of the best-performing cryptocurrencies in the past week, with its value up nearly 85%.
The dramatic rise coincides with the exchange’s latest token burn that wiped out the majority of OKB’s circulating supply.
By cutting availability to just 7% of earlier levels, the move created scarcity, which typically boosts buying pressure.
Trading volume has also spiked significantly in the past 24 hours, reflecting strong participation from both retail and institutional investors.
Liquidity inflows have lifted OKB’s market activity to its highest level in months, reinforcing the current bullish momentum.
Capital inflows support bullish momentum
Alongside price momentum, capital inflows have also strengthened OKB’s position.
The Chaikin Money Flow (CMF), which measures liquidity moving into and out of an asset, is currently trending higher above the zero line.
At 0.24, its strongest reading in three months, the indicator signals robust buying pressure and sustained accumulation by holders.
Together, the token burn, reduced supply, and inflows are combining to drive demand for OKB.
Analysts monitoring the charts say such readings reflect an asset under strong market interest, with price action supported by consistent capital injection.
Overbought signals point to a possible correction
Despite the strong rally, data shows that OKB is now heavily overbought.
The Relative Strength Index (RSI), a widely tracked indicator of overbought and oversold conditions, is currently at 93.24.
An RSI above 70 typically signals that an asset is overbought and vulnerable to a pullback.
If selling pressure emerges, technical support could bring the token down towards $142.88, a level that may be tested if investor momentum cools.
Still, as long as demand remains strong and capital inflows continue, the possibility of OKB retesting and pushing beyond its all-time high remains open.
Market outlook for OKB after record highs
OKB’s rapid climb highlights how aggressive token supply reductions can dramatically reshape market dynamics.
With the burn cutting 93% of supply, the resulting scarcity has added a layer of momentum that few other tokens have seen this week.
As the wider crypto market attempts recovery, OKB’s performance stands out as one of the strongest, though its overheated indicators suggest that volatility is likely in the short term.
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