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The Omni Network price pumped 26% in the last 24 hours to trade at $4.85 as of 7:55 a.m. EST on a 788% surge in trading volume to $356 million.
Omni Network Price Hits Resistance After Soaring 26%
The chart shows the OMNI/USDT pair on the 3-day time frame, with the price trading at its current level after several aggressive upswings. However, despite the price increase, OMNI remains inside a falling channel pattern. While this is a bullish reversal pattern, if a breakout doesn’t happen, the price could print lower lows.
The price of OMNI currently trades above the 50 Simple Moving Average (SMA), which signals the asset is bullish in the short-to-mid term.
The Relative Strength Index (RSI) is at 65.77 and facing upward, signaling that while there may still be some room to move, a pullback is imminent if it hits overbought levels.
Meanwhile, the Moving Average Convergence Divergence (MACD) is bullish, with the MACD line (blue) soaring above the signal line (orange). Momentum indicators show the OMNI price may have one more push left before profit-taking kicks in.
OMNIUSDT Analysis. Source: Tradingview
If the price of OMNI fails to break above the current resistance, it may drop to the $2.57 support, which aligns with the 50 SMA. Below that, the Omni Network price could find lower support around $1.08.
Conversely, if bulls succeed in pushing the price beyond the falling channel resistance ($6.01), then OMNI could skyrocket 994% back to $54, which marks its previous all-time high.
Can OMNI Price Reclaim The Previous ATH?
The market is turning bullish as the Bitcoin price has found support around $111,000 and recently bounced back to over $116,000. If this bullish recovery persists, it may prompt the altcoin market to surge, resulting in an OMNI breakout.
Data from the Coinglass Liquidation Map shows there are about 50% more open OMNI longs ($6.54 million) than shorts ($4.25 million).
That discrepancy suggests that bullish sentiment is currently dominating the Omni Network charts, because traders anticipate that the price will rise in the future.
In the short term, the OMNI price may jump 28% to test the overhead resistance at $6.01. Long term, if a breakout happens, OMNI may surge to $54 by the end of Q3. Conversely, the token faces a 47%- 79% crash if its gets rejected at resistance.
Best Wallet Presale Surges Past $14 Million – Next Big Crypto Gem?
As the Omni Network price eyes a breakout, investors who take their security seriously are funneling cash into a new presale project called Best Wallet (BEST), a non-custodial, multi-chain wallet that is making waves. Its ICO is already a hit, raising over $14.5 million from eager investors.
With its sleek design and powerful features, Best Wallet is being hailed as a game-changer in how investors manage digital assets. But what’s driving the hype?
Best Wallet supports over 60 blockchains, including heavyweights like Ethereum, Binance Smart Chain, and Solana. It’s a one-stop shop for storing, trading, and staking thousands of cryptocurrencies.
Unlike some wallets that leave your private keys exposed on servers, Best Wallet keeps them local, offering top-tier security as well.
You can even import wallets from platforms like MetaMask, making it easy to manage all of your crypto in one place.
Want to keep your wallets organized? Best Wallet makes it easy to create dedicated wallets for different purposes. 🔐
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Best Wallet stands out with its “Upcoming Tokens” feature, a launchpad that highlights promising presales. It’s already helped users catch big winners like Pepe Unchained (PEPU) and Catslap (SLAP). Both meme coins have printed massive gains for early investors.
That feature gives users early access to high-potential tokens before they go mainstream. Plus, the wallet’s built-in DEX supports cross-chain swaps on over 330 protocols, so you get the best rates without switching between apps.
In addition, the upcoming Best Card will let you spend crypto in the real world with up to 8% cashback. That is why crypto analyst and YouTuber ClayBro, who has over 136K subscribers, believes BEST could soar 10X after launch.
The BEST token powers the ecosystem, and holders get perks like discounted trading fees, up to 93% staking APY, governance rights to shape the platform’s future, and VIP access to new projects.
Currently priced at $0.025445, interested investors can buy with crypto or a bank card on the project’s website.
With the presale price set to rise in just 6 hours, investors are rushing to lock in the best deal.
Visit the Best Wallet website.
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