OKB Could Extend Rally as Ethereum Strength Sparks Mid‑Cap Rotation and Increased Market Bullishness

  • OKB jumped ~66% and remains the top weekly gainer

  • Ethereum strength and rotation into mid-caps drove bullish momentum.

  • Fed Chair Jerome Powell’s dovish tone helped risk appetite; altcoins saw both parabolic pumps and sharp retraces.

Crypto weekly roundup: OKB, MORPHO and Arbitrum lead gains; PUMP, SKY and SPX fall. Read the market recap, key levels, and trading insights now.

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What are the key takeaways this week?

This crypto weekly roundup shows mixed volatility: large winners (OKB +66%, MORPHO +26%) and deep losers (PUMP -20%, XNY -71%).

Bitcoin retraced ~3% while Ethereum strengthened, and sentiment shifted slightly bullish after dovish Fed commentary.

How did the market perform overall?

Crypto weekly roundup front-loads the most important trend: capital rotated from majors into mid-caps and exchange tokens, producing high dispersion across tokens.

Short-term momentum favored risk-on assets, but several top winners are retracing, so caution is warranted when chasing parabolic moves.

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What drove OKB’s surge?

OKB [OKB] — Why did the exchange token run higher?

OKB rallied ~66% from a $117 open, testing a major resistance zone near $258 after back-to-back large green candles on Aug 20–21. Volume and momentum supported the move.

Short-term retracement (~24% off the peak) indicates profit-taking, but MACD remains bullish. If $190–$200 holds as support, another run toward $300 is possible.

OKB

OKB

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Source: TradingView (OKB/USDT)

What happened with Morpho?

Morpho [MORPHO] climbed ~26% from a $2 base as buyers defended resistance. Four days of inflows trapped shorts and pushed price toward Q1 levels.

Volume cooled ~66% from the breakout, raising the risk of a retrace to $2.30 if buying pressure fades. Two recent red candles trimmed gains to the $2.60 area.

How did Arbitrum perform?

Arbitrum [ARB] posted a modest 6% weekly gain and closed three consecutive weeks in green. The weekly structure remains healthy without overheating technicals.

After testing $0.50 then reversing to $0.60, ARB pulled to $0.56 intraday and looks positioned for a rebound toward Q1 levels if demand returns.

What were the notable losers and why did they fall?

Pump.fun [PUMP] — What caused the drop?

PUMP slid nearly 20% from a $0.036 open, marking its first red weekly in a month. Failure to flip $0.04 into support and weak bids pushed price below $0.03.

If buyers don’t defend $0.03, a deeper retrace toward early-August levels near $0.024 is likely.

PUMP

PUMP

Source: TradingView (PUMP/USDT)

What about SKY and SPX?

SKY slid ~14% after losing $0.07 support and dipping to $0.06. MACD remains bearish and the structure suggests further downside risk.

SPX6900 fell ~13% with a confirmed breakdown below $1.30, signaling fading momentum and a path toward $1 if buyers remain absent.

Frequently Asked Questions

Which tokens led this week’s gains?

OKB, MORPHO and Arbitrum were the top weekly winners, driven by rotation into mid-caps, exchange-token flows, and renewed buyer conviction after dovish macro commentary.

Is the market more bullish or bearish now?

Sentiment shifted modestly bullish as capital rotated into mid-caps while Bitcoin pulled back. However, several winners show short-term retracements, so overall bias is cautiously optimistic.

How should traders respond to this volatility?

Focus on risk management: define stop-loss levels, avoid chasing parabolic pumps, and monitor key support zones noted above for potential re-entry or exit points.

Key Takeaways

  • Top movers: OKB, MORPHO, and ARB led the week; several altcoins posted outsized moves.
  • Pullbacks: PUMP, SKY, and SPX fell significantly, highlighting high dispersion.
  • Action: Monitor $190–$200 for OKB, $2.30 for MORPHO, and $1.30 for SPX; prioritize risk management.

Conclusion

This crypto weekly roundup shows a market of active rotation: majors paused while mid-caps and exchange tokens attracted fresh capital. Stay disciplined, follow the levels above, and reassess positions if market technicals deteriorate. For ongoing coverage, watch price action and volume for confirmation before scaling trades.

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Source: https://en.coinotag.com/okb-could-extend-rally-as-ethereum-strength-sparks-mid%E2%80%91cap-rotation-and-increased-market-bullishness/