August 22nd's biggest pump altcoins: OKB hits a new all-time high, ZEC and MORPHO are brewing a Rebound.

The crypto assets market welcomed multiple strong performing stocks this week, with OKB being the first to break through 250 USD, setting a new historical high and firmly ranking first in the 24-hour gain list; ZCash (ZEC) has completed a falling wedge breakout, with technical indicators showing that there is still room for a rebound; Morpho (MORPHO), boosted by a golden cross, is approaching a key resistance level and may be on the verge of a new round of upward momentum.

OKB hits a new historical high, bulls aim for 311 USD

(Source: Trading View)

OKB has seen a strong rise for two consecutive days, soaring 33% on Thursday and then rising another 7% on Friday, breaking through the $250 mark and reaching the R3 pivot resistance level of $255.

Upside target: If it can stabilize above 255 USD, the next target is R4 pivot at 311 USD.

Technical Indicators: RSI reached 89, although it is in the overbought zone, the buying momentum remains strong.

Downside risk: If it falls back, it may retest the psychological support at 200 USD.

ZEC breaks through the falling wedge pattern, rebound or continuation to 46.66 USD

(Source: Trading View)

ZEC rose by 9% on August 22, breaking through the falling wedge pattern on the daily chart, and continued its upward trend on Friday, aiming for three consecutive bullish candles.

Upside target: If the rebound continues, the first target is the 50% retracement level at $46.66 (range $74.59–$29.19).

Technical indicators: MACD has crossed above the signal line on Wednesday, RSI reports 60 and is moving upwards, indicating increased buying pressure.

Downside risk: A break below the 200-day EMA ($40.53) or invalidation of the breakout, with support looking down to $33.36.

MORPHO golden cross boosts, approaching 2.45 resistance level

(Source: Trading View)

MORPHO has risen for three consecutive days, breaking through the 61.8% Fibonacci retracement level of 2.24 USD, approaching the resistance level of 2.45 USD, which is the high point on February 27.

Upside target: If it breaks through 2.45 USD, the pump is expected to extend to the 78.6% retracement level of 2.95 USD.

Technical Indicators: The 50-day EMA has crossed above the 200-day EMA forming a golden cross, MACD remains bullish above the zero line, and RSI reports 65, indicating an increase in investors’ risk appetite.

Downside risk: If it falls below $2.24 or tests the 50-day EMA ($1.90)

Investors’ Observation Points

OKB: Pay attention to whether it can stabilize above 255 USD and challenge 311 USD.

ZEC: Pay attention to whether the Rebound can extend to 46.66 dollars, while also guarding against a drop below the 200-day EMA.

MORPHO: Will the breakout after the golden cross extend to $2.95?