🚀 Why did OMNI surge?
🔥 OMNI rose nearly 180% in 24 hours due to a surge in derivative trading volume, with many short positions being liquidated (>$3.8M), and strong volume on Kraken and Bitget. The price broke out of the falling wedge pattern around $7, signaling a clear upward trend. The market cap is increasing rapidly, attracting the attention of the community and altcoin traders.
Technical analysis: OMNI is holding well above the MA20/MA50, with an important support zone around $7–8.5. If this holds, the price could move towards resistance at $11.1–$12.0, with further targets at $15–$17.7 if the cash flow continues to be strong.
Optimal trading strategy:
• Entry: Around $4-5.4 after breakout
• TP: $11.1 → $12.0 → $15+
• SL: below the support zone of $3.60 or lower than $2.80 if the market reverses.
• Hedge futures can be used to reduce risk when the price exceeds $11.1
Risk warning: The token has not been listed on top exchanges, making it susceptible to strong corrections if BTC reverses. Closely monitor price behavior around $11.1 to take partial profits.