Let’s consider why the price of Omni Network (OMNI) has increased over the last 24 hours.
Main Reasons for Growth
The most significant factor has been the introduction of staking with an 11% annual yield in Binance Wallet, which occurred on July 27, 2025. This immediately increased investor interest in OMNI, as the opportunity to earn passive income encourages token holding and reduces their circulation in the market. During this time, the price of OMNI increased by 33.6% (source: news from July 27, 2025).
Supporting Factors
Moreover, the overall crypto market shows positive dynamics: the capitalization has increased, and the "Fear and Greed" index is at 63 (greed), indicating investors' readiness to take risks, especially in altcoins, including OMNI. The decrease in Bitcoin dominance also contributes to the capital flow into alternative coins.
Activity in the derivatives market also impacted the price: trading volume reached $34 million, while negative funding rates indicate short positions that were liquidated for a total of $5.69 million. This caused short squeezes, further pushing the price up.
Technical Analysis
The RSI indicator is currently around 53, meaning the coin is not yet overbought and has the potential for further growth. Fibonacci levels indicate possible resistance at $6.5 and $7.89, while the current price is $6.81 — this indicates proximity to important technical levels.
Tokenomics
The total supply of OMNI is 100 million tokens, of which 34.4 million are in circulation. A large portion of the tokens is currently staked, creating a supply shortage and supporting the price.
In summary, the increase in the price of OMNI over the last 24 hours is due to the integration of staking in Binance Wallet, positive market dynamics, activity in the derivatives market, and technical factors. These factors together created favorable conditions for the increase in the coin's value.