đ Why OMNI Pumped 46.6% in 24h â Staking Squeeze Meets Ethereum Hype!
OMNI surged +46.68% in a single day after its staking app revamp drove massive token lockupsâ50% of the circulating supply is now staked. Less liquid supply = more upward pressure.
đč 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.
đ Meanwhile, its Ethereum L2 narrative gained traction with renewed attention on OMNIâs $10M SolverNet incentive program, aligning with Ethereumâs 7.2% TVL jump.
â ïž Whale concentration remains highâ90.48% 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?