OMNI explodes after Upbit listing, breakout pattern hints at 120% upside ahead
The post OMNI explodes after Upbit listing, breakout pattern hints at 120% upside ahead appeared on BitcoinEthereumNews.com.
OMNI price went parabolic on July 29 after it secured a listing on Upbit. A breakout from a falling wedge now points to massive potential gains in the coming weeks. Summary OMNI surged 170% on July 29 following its KRW trading pair listing on South Korea’s Upbit exchange. Daily trading volume spiked over 2,100% to $904 million, with Upbit accounting for the largest share at $290 million. A breakout from a falling wedge pattern now targets a 120% upside, though RSI readings above 70 suggest a short-term cooldown may follow. According to data from crypto.news, Omni Network (OMNI) skyrocketed 170% on Tuesday, July 29, before settling at $4.84 as of press time, still up 84% in the past 24 hours. The altcoin, currently ranked 337 by market cap at just over $182 million, outpaced its peers among the top 500 cryptocurrencies by market cap in gains today. Data shows OMNI’s daily trading volume surged over 2,100% to reach $904 million, highlighting a sharp increase in market activity as investors rushed to capitalize on the rally. Why did OMNI price soar? OMNI price surged sharply after South Korea’s largest crypto exchange, Upbit, introduced a KRW trading pair for the token early yesterday. The listing substantially increased OMNI’s exposure to Korean retail investors, a market known for fueling speculative rallies. Upbit’s dominant position in the region likely lent institutional credibility to the token, prompting a surge in investor interest and trading activity. According to data from CoinGecko, Upbit accounted for the majority of OMNI’s trading volume over the past 24 hours, recording approximately $290 million, significantly higher than Binance, which registered $192.7 million during the same period. OMNI price also gained traction as open interest surged to an all-time high of over $75 million, rising more than 370% in the past 24…
