$OMNI
Here’s a concise analysis of Omni Network (OMNI) as of August 28, 2025:
📉 Price & Performance
· Current Price: ~$3.41–$3.42
· 24h Change: -0.45% to -0.82% (mild decline)
· 7d Performance: Volatile, with a recent 7-day drop of -9.44%
📊 Technical Signals
· Sentiment: Bearish (12/16 moving averages signal "Sell"; RSI ~34.8–39.37 indicates neutral but leaning bearish)
· Key Levels:
· Support: $2.78–$3.14 (critical; break below may target $0.45–$0.199)
· Resistance: $4.36 (immediate; break above could trigger rally toward $5.98)
· Pattern: Trading below 50-day SMA ($3.65) and 200-day SMA ($4.32), confirming downtrend .
⚠️ Catalysts & Risks
· Bearish Factors:
· Persistent sell pressure and low momentum .
· Regulatory uncertainties and broader crypto market weakness .
· Bullish Factors:
· Potential long-term growth projections (e.g., $26.22 by end of 2025 per some forecasts) .
· Ethereum ecosystem integration could boost utility .
💡 Short-Term Outlook
· Base Case: Consolidation near $3.00–$3.50. A break below $2.78 may accelerate declines toward $0.199 .
· Upside Scenario: Break above $4.36 could fuel recovery to $5.98 .
🚀 In Short
OMNI is testing key support with bearish technicals. While long-term forecasts remain optimistic, near-term risks include breakdowns below $2.78. Watch **$2.78 support** and $4.36 resistance for direction. Trade cautiously due to high volatility .
---
Summary Table:
Metric Value Source
Current Price ~$3.41–$3.42
24h Change -0.45% to -0.82%
Key Support $2.78–$3.14
Key Resistance $4.36
7-Day Outlook $2.78–$3.73 (volatile)