Foreign media reports that OKB has entered a new price testing range after several months of sideways movement. The current focus of the market has shifted to whether the selling pressure in the $115 to $118 range can be absorbed, with $120 becoming the next more significant integer level of attention.
X Layer TVL rises to $232 million
X Layer is an Ethereum-compatible Layer network launched by OKX. OKB also serves as the native Gas token for this network. This means that the use cases of OKB are not limited to within the trading platform ecosystem; they are also directly related to the network's level of activity on the blockchain.
The article mentions that the total locked-up value of DeFi of X Layer has risen to approximately 232 million US dollars. For the market, such data is generally seen as a direct signal of funds entering the chain and the expansion of applications, and it also provides a fundamental background for the recent strength of OKB.
Tightening supply strengthens the market narrative
In addition to ecological data, the supply structure of OKB is also considered one of the supporting factors. OKX previously adjusted the token economic model, completed a one-time large-scale destruction of tokens, and set the maximum supply of OKB at 21 million coins.
The article argues that the combination of the expansion of the on-chain ecosystem and the tightening of the supply cap means that this round of price increases is not entirely dependent on short-term price momentum. What is more crucial going forward is whether these factors can continue to translate into sustained buying pressure.
The range of $115 to $118 is a short-term test.
From the trend perspective, OKB has risen rapidly after breaking through its long-term consolidation range and has now entered a clear resistance zone between $115 and $118. The article states that selling pressure has already emerged in this area, which represents the first major test faced after the breakout.
If the price can effectively stabilize within this range, $120 will become the next target level, with further gains potentially reaching $125. On the contrary, if the breakout fails and the price falls back below $107 to $108, the current structure will weaken, and the probability of the price returning to the $102 to $105 range will also increase.
Overall, the article suggests that OKB has emerged from a period of long-term volatility. Moving forward, the market is more concerned with whether the buying pressure can continue to support prices above the breakout area, rather than whether there has already been a short-term price increase.
