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The post Omni Network Price Skyrockets 164%, Should You Buy Now? appeared first on Coinpedia Fintech News Omni Network’s OMNI token has stunned the market with a parabolic 164% price spike in the last 24 hours, reaching $5.40 before finding ground near the $4.06 mark. This explosive move was driven by a cascade of short liquidations totaling $3.8 million after aggressive bearish bets were wiped out.  It is worth noting that, despite constant negative funding rates, implying traders were heavily short, open interest rose by over 300%, signaling a highly leveraged environment. As Bitcoin’s rally fueled broader altcoin momentum, OMNI became one of the biggest gainers, driven in part by renewed interest in Ethereum Layer-2 interoperability solutions. So, is this still the right time to stock some OMNI tokens? Join me as I give you the potential price targets for the near term. OMNI Price Analysis Omni price is currently being sold at $4.06, with an impressive 164% overnight surge. The token’s 24-hour volume zoomed past a remarkable 6169% to $939.5 million, highlighting intense speculative activity. That being said, the market cap now hovers around $140.22 million, up from under $55 million just a day ago. Now that I have your attention, let us see where the altcoin is heading next. The daily chart reveals a textbook short squeeze, as OMNI broke sharply above the upper Bollinger Band at 2.813, the 20-day SMA at 1.695, and key resistance levels near $2.00. The RSI has spiked to 85.68, well into overbought territory, which historically comes before consolidation or retracement. Notably, the breakout candle shows a low of $2.21 and a high of $5.40, which is nearly a 2.5x intra-day range, signaling immense volatility. This surge aligns with a rounded bottom pattern that began in early June and completed with July’s explosive…

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Filed under: News - @ July 11, 2025 5:29 pm