OKB token: still in the correction phase. OKB cryptocurrency headed for support in the $40 area

OKB token after the new ATH in February began to experience a phase of weakness. It touched support in the $40 area several times, but then bounced back. It is now in a phase of uncertainty with indicators pointing down.
Among the coins that reached their ATH (all-time high) in 2023 is the OKB token. It hit its all-time high of $58.85 last February and is now in a correction and is at $47. It's still up 12% in April, and it's up +80% YTD.

OKB in 2023 is mostly in the green at +88%

Thanks to February's jump in ATH, OKB posted a year-to-date result of +125%.
OKB is a native token in the ecosystem revolving around the OKx exchange and was originally known as OKex. It has to be said that the crypto exchange world has been under a lot of pressure since last fall due to the FTX debacle.

OKB rises in market capitalization

Although OKB's price is retreating from the highs and is down 9% in recent days, it is still climbing in the coin's market capitalization ranking as other tokens retreat harder. With a capitalization of $2,852B, it is currently in 23rd position, up two notches from 28 days ago.