OKB Price Targets $120 As Momentum Builds

OKB is back in the spotlight after breaking out of a long trading range. The token is currently testing the $115 to $118 supply zone. Traders are now watching the $120 mark, which stands as the next major psychological hurdle for the price.

The recent move coincides with growth in the X Layer network. The total value locked in the X Layer DeFi ecosystem has climbed to approximately $232 million. This activity provides some fundamental backing to the current price action.

Market participants will be watching to see if bulls can sustain this momentum to clear the $120 barrier. If the price holds above current support, it may signal a new phase for the token. If it fails to break through, the price could consolidate within its previous range.