With the rise in the cryptocurrency market, exciting developments continue to occur, especially for the crypto community. Accordingly, Colin Wu, known for his posts on Twitter under the name WuBlockchain, made an intriguing announcement regarding the famous cryptocurrency exchange OKX and Polygon. According to the announcement, the two leading companies in the field are set to make a significant collaboration.
OKX and Polygon Collaboration Coming
Colin Wu, who shared developments on Twitter on November 13, revealed an allegation that closely interests the cryptocurrency market. According to the renowned blockchain researcher, the crypto exchange OKX and Polygon will collaborate to introduce the Polygon ZK L1 network to users.
This development, which also closely concerns the blockchain sector, will bring joy to the owners of OKB, the native token of OKX exchange. As part of the collaboration, OKB token will become the native token of the ZK L1 network that will be launched. With this allegation, the price of OKB has already started gaining momentum.
OKB Price Analysis
The OKB token can be introduced as a tokenize investment instrument introduced by OKX exchange. The notable formation structure in the two-hour OKB chart is the ascending channel formation. The timing of the news for OKB, which touched the support line before the announcement made by Colin Wu, is quite remarkable.
The support levels that need to be followed for OKB are respectively $61.90, $59.85, and $57.10. Especially, if a two-hour bar closure occurs below the $57.10 level, it may cause a break in this formation structure, and the price may touch the EMA 200 level (red line) at $52.02.
The resistance levels to be noted for OKB are respectively $64.13, $66.14, and $69.73. Particularly, the $64.13 level stands out as a significant obstacle in the latest bar formation. An announcement from OKX Exchange and Polygon may be expected for the price to exceed this level.
