š Why OMNI Pumped 46.6% in 24h ā Staking Squeeze Meets Ethereum Hype!
OMNI surged +46.68% in a single day after its staking app revamp drove massive token lockupsā50% of the circulating supply is now staked. Less liquid supply = more upward pressure.
š¹ The move was amplified by a breakout above $2.13 Fibonacci level, triggering algo buys and FOMO. Volume spiked 276% to $44.9M, and MACD flipped bullish for the first time in weeks.
š Meanwhile, its Ethereum L2 narrative gained traction with renewed attention on OMNIās $10M SolverNet incentive program, aligning with Ethereumās 7.2% TVL jump.
ā ļø Whale concentration remains highā90.48% of OMNI sits with top 10 wallets. Volatility risk is real.
With RSI still neutral at 42.35, bulls may eye $2.37 next resistance, but can it hold gains if BTC dominance rebounds?